Monday, October 15, 2018, is the extension deadline for most taxpayers who requested an extra six months to file their 2017 tax return.
For taxpayers who have not yet filed, here are a few tips to keep in mind about the extension deadline and taxes:
Try IRS Free File or e-file. Taxpayers can still e-file returns for free using IRS Free File. The program is available only on IRS.gov. Filing electronically is the easiest, safest and most accurate way to file taxes.
Use direct deposit. For taxpayers getting a refund, the fastest way to get it is to combine direct deposit and e-file.
Use IRS online payment options. Taxpayers who owe taxes should consider using IRS Direct Pay. It's a simple, quick and free way to pay from a checking or savings account. There are other online payment options.
Don't overlook tax benefits. Taxpayers should be sure to claim all entitled tax credits and deductions. These may include income and savings credits and education credits.
Keep a copy of the tax return. Taxpayers should keep copies of tax returns and all supporting documents for at least three years. This will help when adjusting withholding, making estimated tax payments and filing next year's return.
File by October 15. File on time to avoid a potential late filing penalty.
More time for the military. Military members and those serving in a combat zone generally get more time to file. Military members typically have until at least 180 days after leaving a combat zone to both file returns and pay any tax due.
Extension filers can avoid making these common filing errors
Taxpayers who filed for an extension of time have until Oct. 15 to submit their tax return.
To make sure they meet their tax obligations, taxpayers should file accurate tax returns. If a taxpayer makes an error on their tax return, it will likely take longer to process and could delay a refund. Taxpayers can avoid many common errors by filing electronically, the most accurate way to file a tax return. All taxpayers can e-file using IRS Free File or Free File Fillable Forms.
Here are common errors for taxpayers to avoid when preparing their tax return:
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The tax information contained in this site is of a general nature and should not be acted upon in your specific situation without further details and/or professional assistance.
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