{"id":63765,"date":"2024-04-02T14:13:45","date_gmt":"2024-04-02T21:13:45","guid":{"rendered":"https:\/\/lapost.us\/?p=63765"},"modified":"2024-04-02T14:13:45","modified_gmt":"2024-04-02T21:13:45","slug":"get-ahead-of-the-tax-deadline-act-now-to-file-pay-or-request-an-extension","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=63765","title":{"rendered":"Get ahead of the tax deadline; act now to file, pay or request an extension"},"content":{"rendered":"<p>IR-2024-88, <strong>April 02, 2024,\u00a0WASHINGTON<\/strong> \u2014 With the April 15 tax deadline approaching, the IRS reminds taxpayers there is still time file their federal income tax return electronically and request direct deposit.<\/p>\n<p>&nbsp;<\/p>\n<p>Filing electronically reduces tax return errors as tax software does the calculations, flags common errors and prompts taxpayers for missing information. Most people qualify for electronic filing at no cost and, when they choose direct deposit, receive their refund within 21 days.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Free electronic filing options<\/strong><\/p>\n<p>Taxpayers with income of $79,000 or less in 2023 can use <a href=\"https:\/\/www.irs.gov\/irs-free-file-do-your-taxes-for-free\">IRS Free File<\/a> guided tax software now through Oct 15. <a href=\"https:\/\/www.irs.gov\/e-file-providers\/free-file-fillable-forms\">IRS Free Fillable forms<\/a>, a part of this program, is available at no cost to taxpayers of any income level and provides electronic forms for people to fill out and e-file themselves.<\/p>\n<p><a href=\"https:\/\/directfile.irs.gov\/\">IRS Direct File<\/a> is now open to all eligible taxpayers in 12 pilot states to decide if it is the right option for them to file their 2023 federal tax returns online, for free, directly with the IRS. Go to the\u00a0<a href=\"https:\/\/www.directfile.irs.gov\/\">Direct File<\/a> website for more information about Direct File pilot eligibility and the 12 participating states.<\/p>\n<p>&nbsp;<\/p>\n<p>Through a network of community partnerships, the <a href=\"https:\/\/irs.treasury.gov\/freetaxprep\/\">Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE)<\/a> programs offer free tax return preparation to eligible people in the community by IRS certified volunteers.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.militaryonesource.mil\/financial-legal\/tax-resource-center\/miltax-military-tax-services\">MilTax<\/a>, a Department of Defense program, generally offers free return preparation and electronic filing software for federal income tax returns and up to three state income tax returns for all military members, and some veterans, with no income limit.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Use \u2018Where&#8217;s My Refund?\u2019 to check refund status<\/strong><\/p>\n<p>The <a href=\"https:\/\/www.irs.gov\/wheres-my-refund\">Where&#8217;s My Refund?<\/a> tool will normally show a refund status within 24 hours after e-filing a 2023 tax return, three to four days after e-filing a 2021 or 2022 return and four weeks after filing a tax return by mail. To use the tool, taxpayers need their Social Security number, filing status and exact refund amount. Taxpayers can also check \u2018Where&#8217;s My Refund?\u2019 by downloading our free mobile app,\u00a0<a href=\"https:\/\/www.irs.gov\/help\/irs2goapp\">IRS2Go<\/a>, from an iPhone or Android device. The tool updates once a day, so people don&#8217;t need to check more often.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Taxpayers that owe on their tax return <\/strong><\/p>\n<p>IRS reminds people they can avoid paying interest and some penalties by filing their tax return and, if they have a balance due, paying the total amount due by the tax deadline of Monday, April 15. For residents of Maine or Massachusetts, the tax deadline is Wednesday, April 17, due to Patriot\u2019s Day and Emancipation Day holidays.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Payment options for individuals to pay in full<\/strong><\/p>\n<p>The IRS offers various options for taxpayers who are making tax <a href=\"https:\/\/www.irs.gov\/payments\">payments<\/a>:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><a href=\"https:\/\/www.irs.gov\/payments\/direct-pay\">Direct Pay<\/a> \u2013 Make a payment directly from a checking or savings account without any fees or registration.<\/li>\n<li><a href=\"https:\/\/www.irs.gov\/payments\/pay-your-taxes-by-debit-or-credit-card\">Pay with debit card, credit card or digital wallet<\/a> \u2013 Make a payment directly from a debit card, credit card or digital wallet. Processing fees are paid to the payment The IRS doesn\u2019t receive any fees for these payments. Authorized card processors and phone numbers are available at\u00a0<a href=\"https:\/\/www.irs.gov\/payments\">IRS.gov\/payments<\/a>.<\/li>\n<li><a href=\"https:\/\/www.irs.gov\/payments\/eftps-the-electronic-federal-tax-payment-system\">Electronic Federal Tax Payment System<\/a> (EFTPS) \u2013This free service gives taxpayers a safe, convenient way to pay individual and business taxes by phone or online. To enroll and for more information, taxpayers can call\u00a0800-555-4477\u00a0or visit\u00a0<a href=\"https:\/\/www.eftps.gov\/eftps\/\">gov<\/a>.<\/li>\n<li><a href=\"https:\/\/www.irs.gov\/payments\/pay-taxes-by-electronic-funds-withdrawal\">Electronic funds withdrawal<\/a> \u2013 Taxpayers can file and pay electronically from their bank account when using tax preparation software or a tax professional. This option is free and only available when electronically filing a tax return.<\/li>\n<li><a href=\"https:\/\/www.irs.gov\/payments\/pay-by-check-or-money-order\">Check or money order <\/a>\u2013Payments made by check or money order should be made payable to the \u201cUnited States Treasury.\u201d<\/li>\n<li><a href=\"https:\/\/www.irs.gov\/payments\/pay-your-taxes-with-cash\">Cash <\/a>\u2013 Make a cash payment through a retail partner and other methods. The IRS urges taxpayers choosing this option to start early because it involves a four-step process. Details, including answers to frequently asked questions, are at\u00a0<a href=\"https:\/\/www.irs.gov\/payments\/pay-with-cash-at-a-retail-partner\">gov\/paywithcash<\/a>.<\/li>\n<\/ul>\n<p><strong>Payment options for individuals unable to pay their taxes in full<\/strong><\/p>\n<p>Taxpayers that are unable to pay in full by the tax deadline, should pay what they can now and apply for an <a href=\"https:\/\/www.irs.gov\/payments\/online-payment-agreement-application\">online payment plan<\/a>. They can receive an immediate response of payment plan acceptance or denial without calling or writing to the IRS. Online payment plan options include:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Short-term payment plan \u2013The total balance owed is less than $100,000 in combined tax, penalties and interest. Additional time of up to 180 days to pay the balance in full.<\/li>\n<\/ul>\n<ul>\n<li>Long-term payment plan \u2013 The total balance owed is less than $50,000 in combined tax, penalties and interest. Pay in monthly payments for up to 72 months. Payments may be set up using direct debit (automatic bank withdraw) which eliminates the need to send in a payment each month, saving postage costs and reducing the chance of default. For balances between $25,000 and $50,000, direct debit is required.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Though interest and late-payment penalties continue to accrue on any unpaid taxes after April 15, the failure to pay penalty is cut in half while an installment agreement is in effect. Find more information about the costs of payment plans on the IRS\u2019\u00a0<a href=\"https:\/\/www.irs.gov\/payments\/payment-plans-installment-agreements\">Additional Information on Payment Plans<\/a>\u00a0webpage.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Unable to file by the April 15 deadline?<\/strong><\/p>\n<p>Individuals unable to file their tax return by the tax deadline can apply for a tax-filing extension in the following ways:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Individual tax filers, regardless of income, can electronically request an automatic tax-filing extension through <a href=\"https:\/\/www.irs.gov\/freefile\">IRS Free File<\/a> by filing a <a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/f4868.pdf\">Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return<\/a>.<\/li>\n<li>Make an electronic payment using Direct Pay, debit card, credit card or digital wallet and indicate the payment is for an extension.<\/li>\n<li>Mail Form 4868 by the tax deadline.<\/li>\n<\/ul>\n<p>Things people should know when requesting a tax-filing extension:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Tax-filing extension requests are due by the tax deadline date, and it does not give an extension of time to pay the taxes.<\/li>\n<li>Avoid some penalties by estimating and paying the tax due by the tax deadline.<\/li>\n<li>Special rules for tax deadlines and automatic tax-filing extensions may apply for taxpayers <a href=\"https:\/\/www.irs.gov\/newsroom\/extension-of-deadlines-combat-zone-service\">serving in a combat zone or qualified hazardous duty areas<\/a>, <a href=\"https:\/\/www.irs.gov\/publications\/p54\">living outside the United States<\/a>, and people living in <a href=\"https:\/\/www.irs.gov\/newsroom\/tax-relief-in-disaster-situations\">certain disaster areas<\/a>. They may not need to submit a tax-filing extension; however, people should check to see if they qualify before the tax deadline.<\/li>\n<\/ul>\n<p><strong>Use IRS.gov for the quickest and easiest information<\/strong><\/p>\n<p>Taxpayers can visit IRS.gov 24 hours a day for answers to <a href=\"https:\/\/www.irs.gov\/help\/tax-law-questions\">tax questions<\/a>, more tips and resources by visiting the <a href=\"https:\/\/www.irs.gov\/help\/let-us-help-you\">Let Us Help You<\/a> page.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IR-2024-88, April 02, 2024,\u00a0WASHINGTON \u2014 With&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,7],"tags":[],"class_list":["post-63765","post","type-post","status-publish","format-standard","hentry","category-business","category-u-s-a"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/63765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63765"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/63765\/revisions"}],"predecessor-version":[{"id":63766,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/63765\/revisions\/63766"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}