Millions of Americans wait until the last minute to file their taxes, and this year is no exception.
FILE - A W-4 form on Feb. 5, 2020, in New York. Monday is Tax Day, the federal deadline for individual tax filing and payments. The IRS will receive tens of millions of filings electronically and through paper forms. and this year is no exception.
For comparison, last year more than 169 million people completed an income tax return by the end of the year. That probably leaves nearly 40 percent of this year's taxpayers still unaccounted for, with many scrambling to submit their documents by Monday. “An extension is merely filing a return at a later date," Tross said. “If you rush through a return to get it out the door, and you have to amend it later, you're more likely to get a double look from the IRS."The IRS this year is facing its biggest backlog in history. At the end of the 2021 filing season, the agency had 35.3 million returns waiting for processing. One reason is that every paper document that goes into the IRS is processed by a human, according to the IRS.
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.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Tax Day laggards: Consider filing for extension if in a rushMillions of Americans wait until the last minute to file their taxes, and this year is no exception
Leer más »
Tax Day laggards: Consider filing for extension if in a rushMonday is Tax Day — the federal deadline for individual tax filing and payments — and the IRS will receive tens of millions of last-minute filings electronically and through paper forms. For comparison, last year more than 169 million people completed an income tax return by the end of the year. Nina Tross at the National Society of Tax Professionals says if people haven’t filed their taxes by now, “they're better off filing an extension.”
Leer más »
IRS offers free electronic filing, tax help before Tax DayThe IRS is encouraging many Americans to use its electronic system instead of using paid services.
Leer más »
Tax Day is near, how to file on timeTaxpayers can file through paperless services, a professional or by mail.
Leer más »
Deadline to file 2021 income tax returns is April 18 | See these fast factsDeadline to file 2021 income tax returns is April 18: See these fast facts
Leer más »
Waiting on your tax refund? Thieves are too if you use a public Wi-Fi💻 Monday is the deadline to file income taxes and if you're one of those procrastinators (no judgment from us), Florida officials want to warn you against using public Wi-Fi to file electronically.
Leer más »