Are you sure you got your maximum refund last year? Did you owe more than you expected? What about the last 3 years? Maybe you didn’t claim all the credits or deductions you deserve on a past-year tax return – and that can mean missing out on money you could put toward bills, start saving,…
Everyone makes mistakes. Learn the most common mistakes when filing for income taxes.
According to the IRS, taxpayers should file their tax return by the deadline even if they cannot pay the full amount due. If an individual taxpayer owes taxes, but cannot pay in full by the May 17, 2021 deadline, they should file their tax return or request an extension of time to file by the…
Taxpayers should double-check to make sure they have all their documents before filing a tax return. Taxpayers who haven’t received a W-2 or Form 1099 should contact the employer, payer or issuing agency and request the missing documents. This also applies for those who received an incorrect W-2 or Form 1099. If they can’t get…