April 2016 tax extension filing deadline
- #April 2016 tax extension filing deadline how to
- #April 2016 tax extension filing deadline software
- #April 2016 tax extension filing deadline free
#April 2016 tax extension filing deadline software
You should take time to research which software and package is best for you. There are many tax preparation software and packages available to U.S. File the best possible tax return with the best filing option You will be able to successfully integrate the tax expense into your budget, alleviating the financial burden of the additional expense.ģ. If you proactively file your tax return early, you will have several months to plan and pay off the tax bill. Also, it is important to note that filing an extension extends your tax return due date but not your tax payment due date. For people on a tight budget, this extra expense may cause a financial burden. If you procrastinate to file your tax return until the deadline, you will have to find the money to pay the tax bill by the tax filing due date of April 15 ( Tax filing due date is July 15, 2020). Overall, people have a need or purpose for money therefore, it is beneficial to file your tax return early to receive your tax refund payment as soon as possible.Ĭonversely, you may discover that you owe tax when filing your tax return. If you have a large future purchase, use the tax refund towards the payment. If you have a brokerage account, invest your tax refund in your preferred investment types. If you have a retirement savings account, contribute the tax refund to your IRA or 401(k). If you have have debt, pay off the debt with your tax refund, which will save you money by lowering principal and related interest expense. If you are eligible for a tax refund, once the IRS accepts your tax return, you will typically receive your tax refund within 21 days (Please see: Tax Refund Schedule: When should I receive my tax refund from the IRS?).īy receiving your tax refund early, you can now make smart and timely financial decisions. Well, the sooner you file your tax return, the sooner you will receive your tax refund. The most exciting part of the tax filing season is the tax refund.
#April 2016 tax extension filing deadline how to
Guide to Taxable Income for Individuals: How to calculate your taxable income amount? Tax Filing Guide: How to determine your tax filing status?
#April 2016 tax extension filing deadline free
File your taxes online for free: The IRS Free File Program Explained The Complete List of Tax Credits for Individuals Below are four reasons why it is beneficial to file your tax return early. Therefore, you should file your tax return as soon as possible. Like any task, it may be tempting to procrastinate filing your tax return, but by doing so, you may face issues later on relating to your taxes and information. However, while your tax return is now due on July 15, you should still file your 2019 tax return early. taxpayers with April 15 due dates an automatic tax return filing extension to July 15 (Please see Coronavirus (COVID-19) Tax Impact - Relief from timely filing of 2019 Federal income tax returns). Because of COVID-19 and the related economic shutdown, the IRS granted all U.S. Additionally, you may choose to file an extension that extends your tax return filing due date to October 15 (Please see Tax Extension: How to file a tax extension?). tax return filing due date is April 15 each year.