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When is the Tax Extension Deadline for 2019?

tax extension deadline 2019

The tax extension deadline for the 2019 tax season is approaching.

Be advised, Tuesday, October 15, 2019, isn’t just the extension deadline. It’s also the last day to e-file your tax return.

However, if you didn’t file an extension on the April 15 deadline, you may be subject to penalties depending on if you owe taxes to the IRS or not.

Can I still file an extension?

Unfortunately, you can no longer file an extension. The last day to have filed an extension was April 15, 2019; the original tax deadline. By filing Form 4868 (Application for Automatic Extension of Time To File U.S. Income Tax Return), the IRS grants you an extra six-months to file.

That being said, for tax returns who have an outstanding tax due to the IRS, that haven’t been paid, will be subject to penalties.

Do you have a tax due to the IRS?

Continue reading “When is the Tax Extension Deadline for 2019?”

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What is the Premium Tax Credit & Am I Eligible?

premium tax credit

Health insurance can be pricey.

Luckily, you can get a refundable tax credit just for purchasing health insurance through the Marketplace.

Keep reading to find out how you qualify.

What is the Premium Tax Credit (PTC)?

First, individuals and families with low to moderate income homes can receive a refundable credit (meaning you can receive a refund if it exceeds your tax) to afford their health insurance.

Eligibility

In order to qualify for the PTC, you must meet the following: Continue reading “What is the Premium Tax Credit & Am I Eligible?”

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The Child Tax Credit Changes for Your 2018 Taxes!

child tax credit 2018

Children are expensive, but luckily they can give you a break — a tax break of course.

With all of the changes that the 2018 tax year brings us, the Child Tax Credit (CTC) is one of them. Whether you’re a parent, grandparent, or guardian, when tax time comes around you can claim your dependents to your advantage.

Here’s what you need to know for this tax season.

Who qualifies for the CTC?

Unfortunately, you can’t just receive the CTC for just having a dependent. You have to meet certain requirements for your dependent to be a “qualifying child.” These are the following conditions they will need to meet: Continue reading “The Child Tax Credit Changes for Your 2018 Taxes!”