Economy

It's Time to File Your Tax Returns

It's Time to File Your Tax Returns

First, April 15th fell on a Sunday and second, a holiday unique to DC falls on Monday the 16th. It said the payment service, IRS Direct Pay, was experiencing both an unplanned and planned outage. (And psst, you might be eligible to file taxes for free if you do it online.) That means it might not even be worth the manpower it takes to extend post office hours on Tax Day like in years past. There is still time before tax day on Tuesday April 17 to get everything done. That year, 17 million returns - 11 percent of the tota l- were filed that week.

John Clisham, a tax preparer with H&R Block in Hyannis, said about one-third of all taxpayers file their returns in April.

You also have until the end of the day Tuesday to file for an extension.

"For those that wait until April 17th to mail their returns, try to mail as early in the day as possible", U.S. Postal Service spokeswoman Kim Frum said in a statement provided to Newsweek.

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It's not news that crooks use stolen Social Security numbers and other information to file phony tax returns in others' names and claim a refund for themselves.

The IRS's "failure to file penalty" generally costs about five-percent of your total tax bill. But the plan also includes an increase in the standard deduction and lowers tax rates for most taxpayers by three or four points through 2025 - the rates will rise again beginning in 2026. On its website, the IRS says its online payment system crashed at around 2:50 a.m. Tuesday morning.

She adds that as long as you have all of your information for the year and a valid drivers license, you've got time. "Because odds are, unfortunately, there's a lot of scams out there and if they're trying to pressure you into some sort of a garnishment or we can settle this through a wire transfer or money gram that's a pretty big red flag", Adel explained. In fact, the average refund this year will top the $3,000 mark. "Taxpayers should continue filing their tax returns as they normally would".


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