Home United States USA — Financial Here’s what to know on Tax Day if you still haven’t filed...

Here’s what to know on Tax Day if you still haven’t filed your return

83
0
SHARE

April 18 is the 2021 federal tax deadline for most Americans. Here’s what to know before filing an extension or sending your return.
It’s finally here: April 18 is the 2021 federal tax filing deadline for most Americans. As of April 8, the IRS had received more than 103 million returns and sent 70 million refunds, totaling over $222 billion. But that still leaves millions to be filed with limited time remaining. Doug Campbell, a CPA and vice president of tax support at Liberty Tax, said there’s been a « pretty big spike in returns » that started over the past couple of weeks. Here’s a look at more tax-planning news. « Maybe they filed in May or June over the past year or two, and all of a sudden, they realized they don’t have that extra time, » he said. Certain disaster victims, taxpayers serving in combat zones and those living abroad may automatically have more time to file, according to the IRS. However, if you don’t qualify for more time and are not ready, there’s still time to file an extension, bumping your due date by six months to Oct.

Continue reading...