Last Minute Tax Tips
This weekend is your last chance to file your tax returns, or request an extension.
Monday April 15th is the deadline and according to the IRS there are still about 50 million people who need to file.
If you're new to Pennsylvania, or may have forgotten, you also have to file local taxes by that Monday deadline. This is especially true for people who use online tax preparers like Turbo Tax, which only file your state and federal taxes. In most cases local taxes can be filed online, you can go to hab-inc.com for more information and to pay.
Also tax preparers say don't delay filing to look for itemized deductions. Most have been taken away with the new tax code. They recommend using the standard deductions which are $12,000 for single people and $24,000 for couples.
You can also file for an extension. However, if you do request an extension, that's only extending the amount of time you have to file. It doesn't extend your time to pay taxes. Payments must still be submitted by April 15th.
If you’re trying to figure out what you should do until you can file, tax preparers have some suggestions.
"I would get online and maybe try and see what you have available. Just to see, if you're missing a document just take a guess and see what it might be." Susan Holtgrefe, Site Coordinator for Erie Free Taxes, said.
Jason Williams an office manager at Liberty Tax echoed those sentiments.
"Then when you figure out roughly what you might owe, you want to send that payment in by the 15th of April,” Williams said. “When you actually file it the numbers might be off a little bit but the IRS would adjust it when you finally file the taxes."
The IRS will automatically offer extra time to file to anyone who requests it and that would give you until October 15th to file.