Don't Worry, You Have Extra Time to File Your Income Tax

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Good news, you don't have to file by April 15 to be on time.

Maagero added not to forget about the new tax system beginning next year, "This is the last year of the tax laws that were in effect for '17, ' so a lot the deductions and credits that were available to you, are going to be going away". They said those instructions came from a co-owner of Fast Tax in Winston-Salem.

The Internal Revenue Service (IRS) says as of April 1, 1 in 3 people across the country still had not filed their tax returns.

This photo shows an IRS W-4 form on Thursday, Feb. 1, 2018, in NY. Mark Jaeger, director of tax development at TaxAct, said that some taxpayers are shareholders or partners in a business and are still waiting to receive their Schedule K-1 form.

At H&R Block in Tyler, tax analyst's see a large influx of customers the last few days before the deadline.

Taxes are due on Tuesday. The IRS will never call or email you.

The most popular planned use of tax refunds, coming in at 43%, is adding the money to their savings.

One scam is a robotic voice that uses incorrect English, which calls threatening consumers, telling them that they have a debt with the IRS and will be taken under custody by local authorities. If you are filing yourself be sure to double check your return for accuracy. 2.

"As long as you pay 100% of your 2016 tax liability - 110% for higher income taxpayers - you will not owe a penalty on your 2017 return", Jaeger said. Then, subtract this year's withholdings and estimated payments you made over the course of the year, and send the difference to the IRS this year.

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