We are stretching your dollar with some last minute tips for procrastinators.
Time is running out if you haven’t submitted your tax return yet.
The IRS says mistakes can happen when you hurry to file by the April 15th deadline and that can result in longer processing times and possible refund delays.
The IRS recommends filing electronically. That’s because tax software can easily flag protential errors. It can also do the math for you and alert you if there’s missing info.
The IRS even has a free “do-it-yourself” software program on its website.
Because of the changes in the federal tax law, people who haven’t filed yet may want to hire a professional tax preparer. That’s because a careless mistake could cost you a lot of money.
You could get hit with penalties and charges, if you use the wrong filing status or forget to report income.
So, pay close attention. Make sure you proof-read your return. Check the math, make sure your social security number is correct and verify your bank account details.
If you need more time, the IRS recommends you get a tax extension which gives you another six months to file.