Deadline for federal tax filings is April 17

Deadline for federal tax filings is April 17

Also, if you filed in January or early February and claimed the refundable Earned Income Tax Credit or the Additional Child Tax Credit, the IRS by law was not allowed to start sending that money out until February 15.

And, of course, one can always file for an extension, which will generally give the taxpayer an extra six months to file his or her taxes - though not quite this year.

If you're doing your taxes yourself and plan to file taxes online, you can fill out Form 4868 to file a tax extension directly through IRS.gov or via your choice of tax-prep software, like TaxAct's online tools or TurboTax Easy Extension.

I'd be curious to see if more taxpayers applied for an extension or had to use a firm to do their taxes because they weren't able to figure out their gains and losses in their cryptocurrency investments.

This year, tax day is on April 17th. Generating an accurate return may remain a top priority, but taking a moment to review it from the Internal Revenue Service's point of view before submitting could save you a significant headache down the road. Freelancers or other gig-economy workers still waiting on a 1099 could be in the same boat. You must still pay your tax liability to the IRS by April 17. If you expect to receive a refund this year, choosing to e-file with direct deposit will get you access to your money faster.

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"The IRS will work with you", he said.

On Tuesday, the IRS alerted consumers to a new email tax scam.

"It's important to note that the failure-to-file penalty is generally more than the failure-to-pay penalty", said Sanford.

However, if you can't find a way to pay - file anyway. However, they're more than happy to hang on to the money they owe you if you don't. Otherwise, they will not be picked up until the next day and will be considered late.

Tax refunds from four years ago are gone for good after Tuesday.

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