If you missed the tax deadline, these tips can help The tax filing deadline has come and gone.
If you didn’t file a tax return or an extension, but should have, you need to take action now. Here are some tips to help you:
• File as soon as you can. If you owe taxes, you should file and pay as soon as you can, which will minimize the interest and penalties that you’ll owe. You can pay with your tax return when you e-file or use IRS Direct Pay, the free and secure way to pay directly from your checking or savings account. If you are due a refund, there are no late-filing penalties. The sooner you file, the sooner you’ll get your refund.
• Use IRS e-file to do your taxes. No matter who prepares your tax return, you can use IRS e-file. E-file is the easiest, safest and most accurate way to file your taxes because it vastly reduces tax return errors, as the tax software does the calculations, flags common errors and prompts you for missing information. For the first time, you also can prepare your taxes from your mobile phone or tablet as well as computer. IRS e-file is available through October 16, 2017.
• E-file using Free File, if you qualify. Nearly everyone can use Free File to e-file their federal taxes for free. If your income was $64,000 or less, you can use free, brand-name tax software. If you made more than $64,000, use Free File Fillable Forms to e-file. This option uses electronic versions of IRS paper forms. It does some of the math, and it works best for those who are used to doing their own taxes. Either way, you have a free option that you can only access on IRS.gov and the IRS2Go app.
• Pay as much as you can. If you owe taxes but can’t pay in full, you should pay as much as you can when you file your tax return. IRS electronic payment options are the quickest and easiest way to pay your taxes. Pay the rest of the taxes you still owe as soon as possible. Doing so will reduce additional penalties and interest.
• Use the Online Payment Agreement tool to pay over time. If you need more time to pay your taxes, you can apply for an installment agreement with the IRS. The best way to apply is to use the IRS Online Payment Agreement tool. Once you complete the online process, you’ll receive immediate notification of whether your agreement is approved. If you don’t use the tool, you can use Form 9465, Installment Agreement Request, to apply. You can get the form on the IRS.gov Forms and Publications page at any time.
• A refund may be waiting. If you’re due a refund, you should file as soon as possible to get it. Even if you’re not required to file, you may still get a refund. This could apply if you had taxes withheld from your wages, or you qualify for certain tax credits. The fastest way to get your refund is to e-file and have it electronically deposited into your bank or other financial account.
To check the status of your refund, use the Where’s My Refund? on IRS.gov. Where’s My Refund? is updated once daily, usually overnight, so there’s no reason to check more than once per day, or call the IRS to get information about a refund. • Use the IRS2Go mobile app to check your refund status, pay your taxes, prepare and file your taxes, or find free tax help. You can download the app free from the Google Play Store, or from the Apple App Store, or Amazon.
IRS2Go is available in both English and Spanish. No matter how or when you file, keep a copy of your tax return and all supporting documents.