On Tax Day, an extension may be better than rushing a return

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On Tax Day, an extension may be better than rushing a return
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Monday is Tax Day, the federal deadline for individual tax filings and payments.

This year will be one of the most challenging for the agency, with its record low staffing numbers. The IRS workforce is the same size it was in 1970, though the U.S. population has grown exponentially and tax laws have become increasingly complicated.

Important papers such as the “Letter 6419” that outlines the Child Tax Credit payments a taxpayer should have received this year and the “Letter 6475” for stimulus payments should also be on hand.Greene-Lewis, who has been doing taxes for more than 20 years, said “you want to report the correct amount you received so you don’t have to have to make adjustments to your refund.

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