AP
Haven’t filed taxes yet? Don’t panic. Here’s what to know
NEW YORK (AP) — The deadline to file your taxes is Tuesday, which is just around the corner. Filing U.S. tax returns — especially for the first time — can seem like a daunting task, but there are steps you can take to make it less stressful.
Whether you do your taxes yourself, go to a tax clinic or hire a professional, navigating the tax system can be complicated and stressful. Courtney Alev, a consumer financial advocate for Credit Karma, recommends you go easy on yourself.
“Take a breath. Take some time, set out an hour, or go through it over the weekend. You’ll hopefully see that it’s a lot simpler than you think,” Alev said.
If you find the process too confusing, there are plenty of free resources to help you get through it.
If you are worried that you might not have enough time to file your taxes before the deadline, you can file for an extension, though it’s not ideal (more on that below.)
Here’s what you need to know:
WHEN IS THE DEADLINE TO FILE TAXES?
Taxpayers have until Tuesday to submit their returns from 2022.
WHAT DO I NEED TO FILE MY TAX RETURN?
While the required documents might depend on your individual case, here is a general list of what everyone needs:
— Social Security number
— W-2 forms, if you are employed
— 1099-G, if you are unemployed
— 1099 forms, if you are self-employed
— Savings and investment records
— Any eligible deduction, such as educational expenses, medical bills, charitable donations, etc.
— Tax credits, such as child tax credit, retirement savings contributions credit, etc.
To find a more detailed document list, visit the IRS website.
https://www.irs.gov/newsroom/tax-filing-step-1-gather-all-year-end-income-documents
https://apnews.com/article/taxes-deadline-refund-irs-extension-penalties-563500015ec236b55a75798c3138ba60