Did you request an extension to file your 2019 tax return? If the answer is “Yes”, then there’s an important date to keep in mind.
Remember: people who requested an extension have until Thursday, October 15 to file their taxes. The original deadline was July 15, but taxpayers could request an extension as long as they paid a part or all their taxes before that date.
If you are due a refund, you should file as soon as you can and, if possible, electronically. This will help you get your refund faster and deposited directly into your financial account.
Another important tip for those preparing to file their taxes: there are no penalties for filing a late return if you are due a refund.
File on Time to Avoid Penalties
File your taxes before October 15 will help you avoid penalties if you requested an extension. Those who didn’t request an extension by the July 15 deadline and haven’t filed yet, should do it as soon as possible to avoid failure-to-pay penalties and interests.
Members of the military are an important exception to these rules. Military personnel serving in a combat zone have until at least 180 days after they leave the combat zone to file and pay any taxes due.
The IRS puts at the disposal of taxpayers many online options to both file and pay their taxes. However, it’s always a good idea to seek the assistance of a tax expert to ensure that your withholding is correct and that you get all the credits you qualify for.
Learn More About Taxes
Learning more about taxes can help you save time and money. These are some previous posts with useful information to help you navigate with confidence the world of taxes:
- These are your options if you didn’t file your taxes on time
- Expecting a tax refund? Here’s everything you need to know
- Remember this important thing when you get your Economic Impact Payment
- The 4 most common questions about Economic Impact Payments
Contact the Experts at Delgado’s Insurance
If you are looking for assistance with your Income Taxes in Bloomington or Riverside, at Delgado’s Insurance our mission is helping you make sense of your options to reduce your liability and maximize your deductions while staying compliant with all relevant laws and regulations.
We have locations in Riverside, California, and Bloomington, California. Contact us today by telephone (951-361-0084, 909-421-9003), email, or through our social media accounts to get a free quote and learn more about our wide array of services.