extension

2016-2017 Tax Extension Deadline – Should You File a Tax Return or File an Extension?

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[Updated for 2016-17 Tax Season] – Even if you don’t have enough money to pay your entire tax bill when due this tax season you must take action. Inside your head, you scream, “I need more time!” But before you stress out realize that the IRS offers a 6-month tax filing deadline extension that is not that hard to […]

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Tax Season Deadline Tips – Filing Late, Requesting an Extension, Installment Plans and Refund Status

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With yet another tax season underway here are some frequently asked questions and answers that come up around this time of the year: I’ve filed, but where is my refund? You can go online to check the status of your tax refund 72 hours after IRS acknowledges receipt of your e-filed return, or 3 to 4 […]

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Can I Avoid Paying Taxes By Submitting an Extension to File My Tax Return

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The title of this article was based on the following email I received a couple of weeks ago. It’s a topic that a number of people can relate to around tax time, so I also published my answer below. “Last year my wife was pregnant and took 4 months of work and she was getting disability. […]

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2012 Payroll Tax Credit Holiday Extended Till Year End. Extensions For Unemployment Benefits and Medicare Payments Also Approved

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[Updated- 2012 Payroll Tax Credit Holiday, Unemployment Benefits and Medicare Doctor Payments Extended to Dec 31st] With House Republican support Congress has passed legislation extending the federal payroll tax holiday through the end of the year without demanding spending cuts to pay for it. This was a concession aimed at averting another repeat of their […]

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A New Economic Stimulus Package With Obama-Bush Tax Cuts and Unemployment Benefit Extensions

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[Update – No New Taxes with Tax Extensions Approved] President Obama has now signed into law a bill that covers a temporary extension of all the bush-era tax cuts. The new bill also contains extensions to some of the 2008 stimulus tax breaks, and even has some new tax cuts. With this legislation he has essentially created […]

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Tax Tips: Filing an Extension and What to Do if You Cannot Pay your Taxes

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The folks at Turbo Tax have provided Saving to Invest some great last minute tax tips and guidance for tax payers struggling to file their taxes. Hopefully some of these will help you as tax time draws near: I’m  not going to be able to file my taxesin time. What should I do? If you […]

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2017 vs 2018 Earned Income Tax Credit (EITC) Qualification and Income Thresholds

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[Update]  Below are the EITC tables for the past few years. These are adjusted annually in line with inflation and other government mandates. The EITC supplements the wages of low income workers, and especially working mothers, lifting more children out of poverty than any other single federal program. Over 10 million families are eligible for […]

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