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Tax Day is April 17, 2012—Are You Ready? Try These Last Minute Tips!

April 3, 2012 by Cristina Habersetzer in You with 0 Comments

The 2012 deadline to file taxes is April 17. For some, this date can be daunting—but it doesn’t have to be! Stay on track with these last-minute organization tips.

Don’t hurry through it! You may be entitled to deductions you’re overlooking. If you’re in a rush, you’ll miss out on some extra cash. Slow down… it’s worth it.

And if you’re really in a pinch for time, be sure you e-file. Not only does this reduce the chance for human error (only you will be inputting data) you’ll get your refund faster too!

Remember life changes that can trigger a tax break. Did you get married, have a child, get a divorce, buy a home, go back to school or retire? If so, indicate it when you file!

Stay up to date on new tax codes. Go to irs.gov for a list of highlights on any tax changes for this year. Be sure to refer to the “What’s New” section.

If you no longer have a mortgage, don’t forget property tax deductions!

Get help! There are many, free online services like Turbo Tax and H&R Block that offer a wizard to help walk you through the process. For a nominal fee they’ll provide tailored support.

If you know you’re going to be filing late, the IRS has made it easy to file for an extension using Form 4868. But beware, if you owe taxes, you will be responsible for penalties and interest for PAYING taxes late. No penalties for late refunds, however.

And if you’re near any of these establishments on April 17th, you could grab a great discount! But don’t forget stores that aren’t listed below. Some, like Office Depot, who offered free copies and shredding last year on tax day, may not have yet announced planned savings this year.

  • Cinnabon – Two free “Tax Day” bites
  • Marble Slab Creamery – One free scoop of frozen yogurt
  • PF Chang’s – 15% off your total order

 

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