Tax news, personal finance, and more!
The tax filing deadline to e-file a 2014 tax return is April 15, 2015. After this date, your tax return will be considered late.
If you don’t file your 2014 taxes by the April 15th deadline, you may have to pay late penalties if you aren’t all squared away with the IRS.
Luckily, RapidTax helps make filing your taxes easy so that you can file before the tax deadline.
You don’t need to worry about paying estimated taxes if all your income comes from being an employee. Your employer is required to withhold taxes from every paycheck.
You only need to pay estimated taxes if you have earnings that are not subject to withholding. This income can include
Estimated taxes include both income taxes and self-employment tax, as well as other taxes. Continue reading “How and When to Pay Estimated Taxes”
A tax extension gives you an extra six months to file your return.
You must file an extension by April 15th (or whatever the normal tax deadline is for that year). It then grants you an extra six months to file, making your new deadline October 15th.
This year for 2018 taxes, for example, if you requested an extension by April 15, 2019, your return is due by October 15, 2019.
When you request an extension, you will have to estimate your tax liability and pay any tax due or else you could be subject to failure-to-pay penalties starting April 15th. Continue reading “How Long Is a Tax Extension?”
