In the United States, Americans who want to obtain a Tax Refund must first send in their Tax Return on time. Likewise, many of the stimulus checks come from precisely these types of payments. Therefore, not doing the Tax Return is always a very bad idea.
If we keep in mind that every year we must send the Tax Return on time, it may be easier to do it. Mentally we must be prepared with this goal in mind, since avoiding taxes is impossible. If we try to avoid it what we will get in the end will be some penalty.
And while it is true that the usual time limit for sending the Tax Return is over, this is not the case for everyone. Citizens who requested an extension of time to pay their taxes still have a few days to do so, but they should watch out not to exceed those days.
With a deadline that is very close to today, these citizens with the extension of time must send in their taxes as soon as possible. If they fail to do so on time, they will most likely get a penalty that will force them to pay a little more in taxes.
WHEN IS THE DEADLINE TO SEND THE TAX RETURN?
The last day, with individual exceptions, is October 16th. Therefore, in less than a week we must have already sent our Tax Return and paid the taxes. Otherwise, we will see some penalties and fines that we will have to pay.
Extension filers: Electronic payment options are easy and flexible. You can file anytime and schedule your federal tax payments up to the 10/16 due date. Read more from the #IRS: https://t.co/pNiKfTnsrs pic.twitter.com/4z0Hb0K52Z
— IRSnews (@IRSnews) October 10, 2023
However, not all Americans have to pay taxes. This is important to understand. Some citizens are afraid to send the Tax Return because of the consequences of paying taxes.
But there are many factors to consider. Americans pay taxes based on their income. In this case, it is rare, for example, to see a citizen who receives only Social Security pay something on the Tax Return. It is common for retirees to get a Tax Refund with a few dollars.
HOW TO SEND THE DOCUMENTATION TO THE IRS MORE QUICKLY?
To speed up the process and not delay the payments, it is best to send the documentation through the online service. This service is totally free and many Americans even have access to the possibility of getting help to complete their Tax Return.
In case you need to do it physically, it is possible to go to one of the IRS offices, although nowadays they do not really work in the same way as in the past.
It is much more practical and accessible, as well as faster, to do everything through the Internet. This also ensures that we get the Tax Refund as soon as possible, especially if we have activated Direct Deposit to get the payment.