Tax deadline: Things to know about filing taxes

Mae Love
April 16, 2018

The deadline to file your taxes is April 17.

Filing a tax extension is free. But this year you have two extra days to file.

Federal prosecutors say Kristyn Daney and Rakeem Scales admitted Friday to preparing a false tax return for an Internal Revenue Service undercover agent three years ago. If a person consistently gets tax refunds every year, they can adjust their federal income tax withholding by updating their Form W-4 with their employer.

"Before you respond to them, before you give out any sorts of personal information, even things like your name, date of birth, especially social security number, don't give that information out unless you can absolutely verify that you're speaking with someone that's from the IRS", said Shifflett.

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"You still need to get an extension because if you don't and don't pay, the penalty is around 5 percent a month versus if you file the extension and pay later it is a half percent per month so that is a big difference", said Smith.

Credit Karma Tax GM explained that there is a "good chance that the perceived complexities of reporting cryptocurrency gains are pushing filers to wait until the very last minute".

The tax deadline is usually April 15th, but this year, that's a Sunday. For more information, visit http://www.irs.gov/Individuals/Free-Tax-Return-Preparation-for-You-by-Volunteers.

If you are unsure how much you owe in taxes, here's some math to figure out what to pay now. Besides, only a fool wouldn't try to get back the hard-earned money the government has been holding on their behalf, especially when they aren't even nice enough to pay you interest on it. If you are filing yourself be sure to double check your return for accuracy. 2.

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