IRS Offers Advice for Those with Extensions Expiring on October 15
October 15 is the deadline for 13 million taxpayers with a tax-filing extension, and the IRS wants to make sure those individuals check to see if they qualify for tax benefits before submitting a return. The press release covers different types of credits and deductions, as well as advice related to health care reporting, e-filing, and payment.
Highlighted credits include the Earned Income Tax Credit (EITC), the Savers Credit, and the American Opportunity Tax Credit. A link to more information can be found here.
Taxpayers reporting their Health Care Tax will need to remember that there are new lines on Forms 1040, 1040A, and 1040EZ.
To review the full article, click here.
Source: Internal Revenue Service