Tax deadline: Things to know about filing taxes

Sheri Evans
April 16, 2018

If you received a refund of more than a few thousand dollars, check out the revised IRS withholding tax calculator on

Officials say a tax extension is an extension of time to file, not an extension of time to pay. About one in five waits until the last two weeks before the deadline to file taxes.

When is the last day to file taxes in 2018?

Phone scams: If the IRS contacts you by phone and you are unaware of any reason for such call, instruct the caller that you will call the IRS back at the number listed on the IRS website. In fact, the average refund for a return filed in 2017 for the 2016 tax year was $2,895. You can get an automatic six-month extension of time to file from the IRS.

An extension, however, serves to delay only any refund you have coming.

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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 or via your choice of tax-prep software, like TaxAct's online tools or TurboTax Easy Extension.

If you're like roughly three-quarters of U.S. tax filers, you'll get a refund when you file your 2017 federal income tax return this year. It remains unknown if crypto investors took their earnings from the rise of digital assets in 2017 to pay this year's taxes, but the market is on an upward climb now.

"Unemployment is taxable, and if they're married, their spouse may have taxable income as well, so they do not need to just ignore filing", Cauble said. The result is that it's like a federal holiday and that means that taxpayers have an extra day to file taxes. Instead, they are still treating any non-college withdrawal as a non-qualified distribution and could charge you penalties. If your income is above that, multiply what you paid a year ago by 1.1 (to get to 110%).

This caller claims to be from the IRS, but it's a scam. This year requesting an extension will only give taxpayers to Monday, Oct. 15 to file. You can do much smarter things with that money, like putting it into a retirement plan or a college savings fund or maybe paying down outstanding debt or replenishing your emergency reserve fund.

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