Deadline draws near to file taxes

Tax Deadline April 17th

Accountants can be relied on to advise how certain information may be listed on a tax return but be extremely cautious if a tax preparer advises you not to list something or to state false information because it is "unlikely" that you will be caught.

In addition, United Way VITA volunteers will be on hand to provide free income tax preparation for prior year (s) returns.

One of those specialists, Jason Williams at Liberty Tax, says, during crunch time, he's pulling long hours to make sure the flood of last-minute filers are in the right hands.

Use Direct Pay. IRS Direct Pay offers taxpayers a free, secure and easy way to pay.

But filing for an extension can be an option if you're running behind, especially for some of those more complex cases.

The district earned the debt after collecting federal taxes from employees but failing to pay the government. The new tax law caps deductions at $10,000 for the 2018 fiscal year.

But a Washington, D.C., holiday - Emancipation Day - on Monday has pushed the deadline to midnight on Tuesday.

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The federal income tax system is created to be progressive, which means the more taxable income you make, the higher the tax rate.

"I really do like increasing the child tax credit". Taxpayers should pay as much as they can to avoid possible penalties and interest.

"There's a good chance that the perceived complexities of reporting cryptocurrency gains are pushing filers to wait until the very last minute", Jagjit Chawla, general manager of Credit Karma Tax, said to CNBC.

"For people that are current and anxious about their 2017 taxes, you should feel ok", he said.

"Tax filing is not the worst thing that's ever going to happen".

This year we got a few days extra to file our taxes. The program is open to individuals and families with incomes of $66,000 or less.

According to tax prep software company TurboTax, three out of four taxpayers receive a refund from the IRS, and last year's average refund was $2,782. Similarly, with this new electronic system, the IRS would be able to quickly compare Form 1099 with your individual tax returns, thereby reducing the chance of fraud.

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