Well, we all got a reprieve, but today is Tax Day. Tax forms must be eFiled or mailed today in order to avoid penalties (or you must apply for an automatic extension). But the good news is plenty of experts have tips to help you get the most back from the tax man. And even if you are filing last-minute, there are always online options to avoid the lines at the post office.
Dee Leicht E.A. preparer at H & R Block at 4530 Lemay Ferry Road suggests:And remember, even if you do file for the automatic extension, you still have to pay what you EXPECT to owe to avoid paying interest and penalties.
- If you are preparing your own taxes, make sure that you file Schedule M, Making Work Pay, to receive up to a $400 credit.
- Check your deductions for education. They are very good this year and include books and supplies.
- Make sure you take exemptions for any persons (earning less than $3600) that you supported in 2010.