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6 Facts For Filing Taxes By the Tax Deadline

tax deadline 2019

The tax deadline is April 15, 2019!

For residents of Maine and Massachusetts, they have until April 17 to file their 2018 tax return. Here’s some important information you need to know for filing by the tax deadline.

 1.  You need to report ALL of your income.

If you don’t report all of your taxable income; all income that is subject to withholding; you will need to amend your return using Form 1040X when the IRS gets a hold of your information.

Not only that, but you may even end up owing money back to the IRS.

2.  You can file without a W-2.

Continue reading “6 Facts For Filing Taxes By the Tax Deadline”

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Filing Your Taxes for Free & How it Works

free file

Is free tax filing really “free”?

During tax season, many taxpayers wonder if free file through tax preparation sites is a myth. It turns out, it’s true but it solely depends on your tax situation. 

How taxpayers fall for advertising.

On the bright side, the best part about filing online is being able to file your taxes right from home. For one thing, you can avoid the hassle of waiting to see a tax accountant. On top of that, you even see options to file for free!

Unfortunately, not all tax sites who advertise for free tax filing can help taxpayers for free. Most tax sites will only allow you to file your taxes for free if you have a “simple” return; meaning taking the standard deduction. 

As a reminder, if you’re itemizing the deductions below, you cannot file for free. Continue reading “Filing Your Taxes for Free & How it Works”

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The IRS has announced the start of the tax season!

when can you start filing taxes

Last night, the IRS confirmed that January 28, 2019 will be the start of the tax season.

Although live assistance from the IRS number isn’t available, their staff is determined to keep the tax season going. “We are committed to ensuring that taxpayers receive their refunds notwithstanding the government shutdown. I appreciate the hard work of the employees and their commitment to the taxpayers during this period,” IRS Commissioner Chuck Rettig said.

Now that you have an idea of when you should have your 2018 tax return prepared by, here’s what you need to know.

Will my refund still be delayed?

Continue reading “The IRS has announced the start of the tax season!”