"Neither are good options", Agel said. Just because you're filing in the final hours doesn't mean you should have to shell out more money for a service.
Finding out that you owe the IRS additional money can be disheartening, but it's something that you have to handle.
If you are due a refund, the sooner you file, the sooner you'll get it. One last tip, if your anxious about your taxes getting to their destination the USPS recommends you get an electronic, or physical, delivery record showing who signed for your tax return.
Please note: While an extension gives you extra time to file your tax return, an extension does not give you extra time to pay your taxes.
The reason for an extension varies, but it could be as simple as an address change that caused some documents to go missing. So, while it might be too much to ask people be happy filing their taxes this year, we can at least be happy knowing we will never have to file under this tax code again.
Federal Tax Day is normally on April 15, which this year falls on a Sunday.
A warning: Even with a payment plan, you'll continue to see interest and some penalties accrue on your balance owed until you've paid off what you owe. But, some businesses are offering you a big pat-on-the-back with some freebies or discounts.
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From there it's beyond easy to figure out how to file taxes for free.
The bulk of the deals are only offered on the official Internal Revenue Service tax filing deadline day, April 17, but a few started early or extend later.
When will I get my return? . "And if you don't make that payment, you can have a penalty and interest charges racking up for those six months", tax attorney Rebecca Walser said. By selecting "extension" as the reason for the payment, the IRS will also accept the payment as an extension - no need to separately file a Form 4868.
The federal income tax system is created to be progressive, which means the more taxable income you make, the higher the tax rate.
"Filing for an extension doesn't get you an extension to pay", confirms Betterment Head of Tax Eric Bronnenkant.
On top of all of those benefits, this week the House is voting to make some major reforms at the IRS.