IRS: No penalty for filing taxes late if you're getting a refund
Tax day is just around the corner and if you haven't completed your 2021 return, you're in good company.
But as the clock starts ticking faster leading up to April 18, you may wonder just how bad a late filing penalty could be.
Oftentimes, it's hard to know if you'll be getting a refund or if you owe taxes until you file your return.
How to file your taxes for free - CBS News
If you earn less than $73,000 a year, you can use what's known as "Free File" software, a service that commercial tax preparers make available in partnership with the IRS. This year, there are eight free tax products to choose from.
Still, anyone earning less than $73,000 annually— about 70% of taxpayers — will be able to find at least one free software option. Some of these offer free state tax returns as well.
Rep. Gae Magnafici: Lowering Your Taxes | Recent News | DrydenWire.com
MADISON, WI -- Representative Magnafici (R – Dresser) issued the following statement regarding lowering your taxes.
"Tax Day is April 18th, and if you've filed your taxes already, you may have seen a larger than expected tax refund from the state.
In his 2019-2021 budget, Governor Evers advocated for $1 billion of tax increases, including hiking the gas tax and indexing it to inflation. These tax hikes would have expanded government and paid for hundreds of new bureaucrats at the expense of Wisconsin residents and businesses.
Crypto Taxes: Online Tax Software to Report Bitcoin, NFTs and Digital Currencies - CNET
Likewise, if you earned crypto as wages or from airdrops, hard forks, mining or staking, you'll need to report that as income on your taxes. And if you're mining crypto, there are different IRS forms depending on whether you're doing it as a "hobby" or as part of a business.
Poll: Would you be willing to pay more in property taxes to increase teacher pay?
Teachers, if you don't feel valued here, take your degree and start looking at jobs in Defense Contracting. Instructional designers are in demand across the spectrum in this country and can easily pay into the high five figures to start.
Taxes 2022: Don't Forget to Use These 7 Green Tax Credits When You File | GOBankingRates
With just days to go to file your 2021 tax return, you need to make sure you have exhausted all opportunities to save money and claim available credit where you can. For many eco-aware homeowners and business owners, going green can save you a lot of green on your taxes .
See: 10 Reasons You Should Claim Social Security Early
Find: What Income Level Is Considered Middle Class in Your State?
How companies like Amazon, Nike and FedEx avoid paying federal taxes
The current United States tax code allows some of the biggest company names in the country to not pay any federal corporate income tax.
What's more, it is entirely legal and within the parameters of the tax code that corporations can end up paying no federal corporate income tax, which costs the U.S. government billions of dollars in lost revenue.
Report: Illinoisans still on the hook for higher taxes even after proposed tax breaks | National ...
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