About 1 in 5 taxpayers wait until the last week before the deadline to file their return, according to data from the IRS and tax-preparation TurboTax. Don’t freak if you haven’t filed your taxes yet. “All taxpayers can get an extra six months to file their taxes simply by asking for an extension using Form 4868. You can even file your extension request online using free software tools provided through IRS Free File,” said Jeff Reeves at USA Today. Just keep in mind that you need to pay the estimated tax bill even if you file an extension, or you will be charged a failure-to-pay penalty. (usatoday.com)
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