This tax season has been swamped with one situation after another.
Countless taxpayers may be stressed out with taking care of their families, working from home (if they’re able to), and trying to adjust to their daily lives. With filing a tax return being the last thing on their mind, the July 15 deadline came as fast as it left.
If you find yourself worrying about needing extra time to file, don’t worry, we’re here to help.
Filing a tax extension
Continue reading “Can I Still File A 2019 Tax Extension?”
The tax extension deadline for the 2019 tax season is approaching.
Be advised, Tuesday, October 15, 2019, isn’t just the extension deadline. It’s also the last day to e-file your tax return.
However, if you didn’t file an extension on the April 15 deadline, you may be subject to penalties depending on if you owe taxes to the IRS or not.
Can I still file an extension?
Unfortunately, you can no longer file an extension. The last day to have filed an extension was April 15, 2019; the original tax deadline. By filing Form 4868 (Application for Automatic Extension of Time To File U.S. Income Tax Return), the IRS grants you an extra six-months to file.
That being said, for tax returns who have an outstanding tax due to the IRS, that haven’t been paid, will be subject to penalties.
Do you have a tax due to the IRS?
Continue reading “When is the Tax Extension Deadline for 2019?”
Health insurance can be pricey.
Luckily, you can get a refundable tax credit just for purchasing health insurance through the Marketplace.
Keep reading to find out how you qualify.
What is the Premium Tax Credit (PTC)?
First, individuals and families with low to moderate income homes can receive a refundable credit (meaning you can receive a refund if it exceeds your tax) to afford their health insurance.
In order to qualify for the PTC, you must meet the following: Continue reading “What is the Premium Tax Credit & Am I Eligible?”