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CNN Business offers helpful tips for filing taxes at the last minute

New York CNN — So far this tax season, the IRS has received over 100 million income tax returns for 2022, meaning many households have yet to file their returns. If you still need to file, here are some last-minute tips to keep in mind before the Tuesday, April 18 deadline.

1. Not everyone has to file on April 18: If you live in a federally declared disaster area, have a business there, or have relevant tax documents stored by businesses in that area, the IRS has likely extended the filing and payment deadlines for you. Check the specific extension dates for each disaster area.

2. Special extensions for certain groups: If you’re in the armed forces and are currently or were recently stationed in a combat zone, the filing and payment deadlines for your 2022 taxes are most likely extended by 180 days. Consult the IRS publication for the specific extended deadlines based on your departure date from the combat zone.

3. Low-income filers may not be required to file: If you made little to no money last year, you may not be required to file a return. However, if you think you’re eligible for a refund through refundable tax credits like the Earned Income Tax Credit, it may still be beneficial to file. Use the IRS tool to determine if you’re required to file this year.

4. Identify all sources of income: Your paycheck may not be your only source of income that needs to be reported. Consider other potentially taxable and reportable income sources such as interest on your savings, investment income, part-time or seasonal work, unemployment income, social security benefits, tips, gambling winnings, or income from a rental property you own.

5. Organize your tax documents: Make sure you’ve received all tax documents from third parties like your employer, bank, brokerage, etc. Check your email and online accounts for electronic copies. Common tax forms include W-2s, 1099s for different types of income, and SSA-1099 or SSA-1042S for Social Security benefits.

6. Proofread your return: Review your return for any errors or oversights that can delay its processing. Double-check personal information like your name, birth date, Social Security number, and direct deposit number. Ensure you’ve selected the correct filing status and haven’t left any required fields blank.

7. If you can’t file by April 18: If you’re unable to file by the deadline, fill out Form 4868 electronically or on paper and submit it by April 18. This will grant you an automatic six-month extension to file. Note that an extension to file does not extend the deadline to pay. You will be charged interest and a penalty on any unpaid amount by April 18. Estimate how much you owe and send that money to the IRS by Tuesday. You can pay by mail or electronically through IRS.gov.

8. State income taxes: Remember to go through a similar process for filing an extension and making a payment to your state’s revenue department if you still owe income taxes to your state.

9. Use the IRS interactive tax assistant: The IRS provides an “interactive tax assistant” that can help answer basic questions about your individual circumstances, such as income, deductions, credits, and technical inquiries.

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