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Tax tips for students working summer jobs | Stuttgart Daily Leader
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Diving Into The Nuances Of Section 121
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IR-2021-114, May 17, 2021
WASHINGTON The Internal Revenue Service reminds taxpayers that the deadline for filing most individual income tax returns this year is May 17. The agency also wants taxpayers who have yet to file their tax returns to know that there are a variety of options available to help them.
IRS tax help is available 24 hours a day on IRS.gov. Whether filing a tax return, requesting an extension or making a payment, the IRS website can help last-minute filers on just about everything related to taxes.
The IRS encourages taxpayers to file electronically. Doing so, whether through e-file or IRS Free File, vastly reduces tax return errors as the tax software does the calculations, flags common errors and prompts taxpayers for missing information. Free File Fillable Forms means there is a free option for everyone.
Tax extension 2021: How to delay filing your federal and state taxes
Updated May 12, 2021;
Procrastinator alert: your taxes are due! If you are nowhere near ready as the scary deadline approaches, you may file an extension with the IRS that gives you up to six more months to file your taxes. Filing an extension will spare you from late filing penalties 5% of the amount of tax you owe for each month or partial month past the deadline. The extension is automatic you do not have to send any justification or reasoning like “I have 5,000 wadded-up receipts crammed in a shoebox.”
The IRS and Treasury Department have extended the 2021 tax filing and payment deadline from April 15th to May 17th, due to the COVID-19 pandemic.
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