Tax Day is less than a week away—you must submit your tax returns to the federal government by April 15. If you have yet to do so, there is no need to panic. However, this doesn’t mean you should wait any longer. Here are some last-minute tax filing tips to consider before Tax Day.
Gather Important Documents
Before you sit down with a tax preparer or file them online, gather all the important documents you need. Also make sure you have your W-2s and 1099 forms for income. Your employer(s) should have mailed these documents to you at the beginning of the year. If you didn’t receive them or you happened to misplace them, you should be able to access them online. Your employer can point you in the right direction.
If you are itemizing, bring a Form 1098 and a Mortgage Interest Statement—to deduct the interest paid on a loan for your home. It is also useful to have receipts for important payments related to child care, education, health care, business, retirement contributions, and donations.
Decide on a Preparer
Find a tax preparer you can trust. If you trust yourself and want to prepare your own taxes, you can do so online. However, last-minute tax filing can be incredibly stressful—which could lead to mistakes—so it might be best to leave it to the professionals. Thankfully, there are plenty of places around Greenville that can help, such as Milligan Financial Services and H&R Block.
Request More Time
If you need more time to file your taxes, don’t worry! You can file for an extension with a Form 4868. Bear in mind, if you owe the government money, you must pay what you owe—Form 4868 does not give you an extension in this regard. You can complete the form electronically through a variety of different sites.