Economy

Americans have two extra days to file their income taxes this year

Americans have two extra days to file their income taxes this year”

Free File Alliance is a nonprofit coalition that provides free electronic tax services for people with an adjusted gross income of $66,000 or less, between the ages of 17-50, active duty military, or qualify for the Earned Income Tax Credit.

Thanks to the calendar and a law that prohibits tax deadlines from being on holidays, you have two extra days to file. The agency has information here about what you need to do to file for a tax extension.

H&R Block senior tax analyst Crystal Hartman said 1 out of 3 tax returns are prepared in the last week of filing season.

Credit Karma Tax GM explained that there is a "good chance that the perceived complexities of reporting cryptocurrency gains are pushing filers to wait until the very last minute". For more information, visit http://www.irs.gov/Individuals/Free-Tax-Return-Preparation-for-You-by-Volunteers.

The Big Q: What will be the impact of last years digital currency boom be on United States tax payers? If an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date that falls within the postponement period, residents should call the IRS disaster hotline at 866-562-5227. Workers are starting to see more take-home pay as employers implement the new withholding guidelines from the IRS.

While many Americans enjoy getting a tax refund, others would rather have access to that money throughout the year.

To find out how much you have to pay, you can use the payment estimator provided by the IRS on their website.



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