Last minute tax filers prepare for deadline
The clock ticked Monday for people who wanted to file their taxes at the last minute.
H&R Block tax experts said last minute tax filers still had plenty of time to meet Tuesday’s tax deadline. Columbia Tax Analyst Cynthia Gorrell said the first step was organizing your paperwork.
“If you’re not ready to file or if you are still waiting on a document, at least come in and file an extension, then you will not have the failure to file penalty," Gorrell said. "An extension needs to be filed by October 15.”
You must file any mailed or e-filed extension by midnight on Tuesday. There was no need to stand in long lines at the post office to pay your taxes at the last minute. There were plenty of online tax preparation programs that did the math for you and lowered the chances of making a mistake. H&R Block tax experts said more than 90 percent of Americans filed their taxes online.
“One of the errors that some people do is they might twist numbers around," Gorrell said. "Instead of 89, they do 98. Then, you’re going to get an incorrect estimate there.”
Gorrell said most last minute tax filers owed money to the IRS and wanted to hold onto their money as long as possible. The tax filing deadline is Tuesday at midnight.