Tax Day Deadline Is Here April 18th, Need An Extension?

Tax Day Deadline, Is due today April 18th. Americans are already falling behind in the current tax season, according to the latest IRS statistics. About 91 million people have filed their returns as of April 1, down from 93 million filers at the same time last year, when taxpayers had an extra month to get their taxes to the IRS, according the agency. In a typical year, Americans file about 160 million tax returns, which means that some 70 million still need to file before the April 18 deadline.

To ask for an extension, you’ll need to fill out Form 4868. This is a one-page form that asks for basic information such as your name, address and Social Security number. It also asks you to estimate how much you owe in taxes. This form can also be used through the IRS’ Free File service, and can be used regardless of income. Typically, only people with adjusted gross income below $73,000 can use the Free File service, but anyone can use it to ask for an extension, the IRS said. To Read More Click Here.

Source: CBS News