This year many people will once again put off doing their taxes until the proverbial last minute. Many will apply for an automatic extension and file on October 15. Although tax day is normally on April 15, the District of Columbia’s “Emancipation Day” automatically moves the date to April 17. Since this year is also a leap year, that gives us an extra day as well.
While it may tempting with all this extra time to keep putting it off, the best thing to do would be to get started gathering all the forms and paperwork you will need in order to file, including W2’s, 1099’s, K-1’s, and anything else that may be required.
Of course, tax filers are not the only ones who may procrastinate when it comes to tax matters. Last year, not only was tax day on April 18 due to Emancipation Day, but the federal government also gave almost 50 million Americans even longer to file due to a legislative mess created by the last minute enactment of the 2010 Tax Relief Act. It appears that the forms required by the act weren’t quite ready at the time. The IRS Commissioner was not pleased at all and made sure to inform Congress of the headache this caused the IRS.
Nonetheless, federal government incompetence is no excuse for us to put off preparing our tax returns, leap year or not. The sooner you send your return in the sooner you will get any refund you may be owed. In these economic times, who can’t use a little extra money?
FreeTaxUSA can now support the 42 US states where a state tax return is required. Additionally it can also support the District of Columbia, Vermont, and Montana. Taxpayers residing in states that do not require state returns still have the option of filing a 100% free federal return on the FreeTaxUSA website. Each year, there are been new states added, with this being the first tax season in which all 42 of the states are available. This means that more taxpayers can file their state taxes electronic than in the past with this great online tax product.
There has been no change to fees for preparation of state taxes on FreeTaxUSA. They remain one of the most economical in tax filing industry. Services included with a state return are preparation of forms and e-filing directly to the department of revenue for that state. Unlike many other companies, FreeTaxUSA clearly posts preparation fees on their homepage. They also have no hidden fees, or upgrades that are mandatory. The price listed on the homepage, is the same price the customer will pay.
In order to save time, the necessary information is imported from the customer’s federal income tax return to their state one. This enables much of the state forms to be filled in automatically. This reduces the amount of possible errors as compared to a return that has been handwritten. Once the state portion is completed, all applicable forms preparation will be complete and the return will be ready to be e-filed. Customer are offered free support in case there are questions or problems.