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Tax crunch time is here: what to do before Tax Day

With just days remaining until Tax Day, April 15, a tax expert shows what you should be doing this week. ....

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Tax Filing Extension Deadline 2023: Providing Taxpayers with Extra Time

Tax Filing Extension Deadline 2023: Providing Taxpayers with Extra Time
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You Could File Your Taxes For Free Courtesy Of The IRS

It's the fifth season of the year.tax season, Here are some things to know including how you could file for free or qualify for the Earned Income Tax Credit. ....

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Tax Filing Deadline Extension Blamed For Lower State Revenues

Tax Filing Deadline Extension Blamed For Lower State Revenues
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St. Paul, MN (KROC-AM News) - State officials suspect the one-month extension of the tax filing deadline this year was responsible for the first monthly state revenue report coming in below expectations for many months.
Overall Minnesota met general fund revenues totaled just under $2.75 billion in April. The Minnesota Office of Management and Budget says that was $189 million, or 6.4 percent, below the level predicted by the most recent state revenue forecast issued in February.
Revenues from every tax category except individual income taxes were higher than predicted last month. The income tax payments totaled a bit over $1.5 billion, which was over $650 million below the projection. Officials believe that was due to people having to make payments to the state when they file their tax returns waiting to make those payments until this year s May 17th deadline. ....

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Let's say 'goodbye' to the April 15 due date

© Greg Nash
Due to the pandemic, the IRS extended the due date for 2020 individual income tax returns from April 15 to May 17. Some people want it extended further. We should instead be asking: Considering today’s technology, why do we still cling to any due date?
Over two decades ago, technology created e-commerce that enabled us to make purchases 24/7, without having to fill out an order form. Online banking means no trips to the bank or ATM, no need for monthly statements to be mailed to us, and we have 24/7 access. Even medical records and prescriptions can all be securely handled online. ....

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