Whether you're relatively new to taxes or a salty veteran, you can always learn more about this important topic. Our tax tips and information center is the place to do it. We've written a series of informative, easy to read tax tips and articles on fundamental tax concepts.
Tax Tips and Articles
File Your Taxes Late With No Penalty
What is eFile and How Do You eFile Your Taxes?
Key Facts about Unemployment Benefits
Can Someone Claim Me as a Dependent on Their Tax Return?
Can I Claim Someone as a Dependent on My Tax Return?
Ultimate Guide to Student Taxes
Earned Income Credit (EIC) Explained
How Obamacare (ACA) Impacts Your Taxes
Key Dates and Deadlines
Didn't file your 2015 taxes by April 18, 2016? Yes, tax day was the 18th this year instead of the 15th. No worries, we'll let you in on an industry secret – if you're getting a refund, you can file for up to 3 years with no late fees or penalties! If you owe additional taxes, your penalties are racking up so file your tax return as soon as possible to stop the clock on them. Either way, it's not too late to file your 2015 taxes. File Now or Learn More.
January 19, 2016 - IRS e-file goes live and begins processing personal tax returns.
February 1, 2016 - Deadline for several important tax documents to be mailed out:
- Deadline for your employer to mail you your 2015 W-2
- If you received unemployment income, this is the deadline for the state that paid you to mail you a 1099-G
- Deadline for banks to supply you with a 1099-INT reporting bank account interest you made. Note that banks are only required to issue a 1099-INT if you made at least $10 of interest during the year
April 18, 2016 - Tax Day. Yes, you read that right, it's April 18th in 2016 instead of April 15th.
You can thank Washington, D.C., for the extra time. Washington will celebrate Emancipation Day on Friday April 15 and tax day will be pushed back to Monday April 18. Read more about 2016 dates and deadlines.
Most people believe this is the deadline to file your income taxes. That’s close enough. It’s actually a payment deadline rather than a filing deadline. If you owe IRS additional taxes, you must file and pay them by this date to avoid fees and penalties. If you want to, you can file an extension. But extensions are fool’s gold – you still have to pay at least 90% of taxes owed. As we mentioned above, if you're getting a refund, you can file for up to 3 years with no late fees or penalties! File Now or Learn More.