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Filed an Extension? What to Do Now

Filed an Extension

April 15 has come and gone. If you didn’t quite finish your tax return, you should have filed Form 4868, Application for Automatic Extension of Time to File, to the IRS.

This automatic extension gives you another six months to file your tax return – no questions asked.

Your tax return is now due October 15.

It’s easy to breathe a sigh of relief, put away your files, and forget about taxes for now.

Before you do, however, consider the following:

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Track Your Charitable Donations to Save You Money at Tax Time

Track Your Charitable Donations to Save You Money at Tax Time

Making charitable donations makes a difference to those in need and can save you money at tax time. Donation Assistant by TaxACT is a free mobile app that helps track goods and money you donated to charitable organizations. Your donations can then … [Continue reading]

5 Last-Minute Tips for Beating the April 15 Tax Filing Deadline

5 Last-Minute Tips for Beating the April 15 Tax Filing Deadline

Ideally, we'd all keep perfect records all year long. By January 31, our tax documents would be in order and we'd start working on taxes with weeks or months to spare. In the real world, it doesn't work that way. We get busy and next thing we … [Continue reading]

4 Frequently Asked TaxACT TaxPayer Support Questions

4 Frequently Asked TaxACT TaxPayer Support Questions

How do I amend my federal return? First, be sure to PRINT a copy of the original return that you filed (this will be your only record of the return as it was when you filed it once you make the corrections for the amendment). Next, you’ll need to … [Continue reading]

5 Ways to Use Your Tax Refund

5 Ways to Use Your Tax Refund - TaxACT

Are you expecting a tax refund this year? You're in good company, as millions of Americans are in the same boat. As of early March, the IRS reported an average tax refund of just over $3,000, up three percent compared to the average refund at the … [Continue reading]

7 Common Questions about Cost Basis

7 Common Questions about Cost Basis - TaxACT

What is cost basis, and how do you go about finding it? You're making great progress on your tax return, when suddenly you need to enter something called a "cost basis" for an asset. If only that were as simple as remembering what you paid for the … [Continue reading]

5 Good Reasons to File a Tax Extension

5 Last-Minute Tax Tips - TaxACT

April 15 is coming fast. For some of us, it's coming too fast. We might not be quite ready to file our federal and state income taxes for one reason or another. Most people know they can file for an extension and get extra time. They may hate to … [Continue reading]

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