Last Minute Tax Tip

Last Minute Tax Tips - file online, get the rebate, avoid mistakes or get more time

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If you suffer from tax deadline anxiety, here some last minute tips considering your income tax refund and stimulus payment:

  • File online: it's faster and eliminates most opportunities for mistakes you could make on paper. Also important: you'll get your refund and rebate faster. It's also free if your income is $54,000 or less if you use the next link to go to the Internal Revenue Service's Free File service. Use the link State e-filing for free or charged e-filing - not all states got free e-fling.
  • Get the rebate: You must file a federal tax return to get the stimulus payment, which goes to most people who have at least $3,000 in taxable income. You do not need to do anything else to qualify. Read more in the next link about filing for a Tax Rebate.
  • Ask for direct deposit: that will speed up receipt of any refund, when coupled with online filing, you can receive your refund in 10 days.
  • Avoid common mistakes: that will slow down your refund.
    • Double check your math after you've entered your numbers.
    • Review if your numbers are filled out in the right places.
    • Make sure all Social Security Numbers are correct.
    • Make sure you didn’t you the wrong filing status, for example, if you were married last year, make sure the name you use to file your tax return is the same as the one on your Social Security Card.
    • Don’t forget to sign and date your return. For a joint return, both spouses must sign, even if one is not reporting income.
    • Don’t forget to attach forms like W-2, Tax Statement and other forms that reflect tax witheld. 
    • Mail the form right: make sure envelopes are addressed correct and have the correct amount of postage.
  • Get more time: You can get a six-month extension to file using Form 4868. If you don't, you'll pay a 5 percent penalty each month on any unpaid balance you owe the IRS. Filing later means of course that you'll get your rebate later. If your return isn’t completed by October 15th this year, you will not be eligible for a tax rebate check.
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