Tuesday April 15 marks this year’s deadline to file federal income tax returns. IRS spokesperson Bill Brunson says even if you’re not sure you can make the payment, it’s much better to file or ask for an extension before the deadline passes than to do nothing at all.
“I still would have a late payment penalty, but the late payment penalty is one half of one percent, as opposed to a 4.5% penalty for a late file,” he says.
Brunson also says if you’re going to hire someone else to prepare your taxes, it’s important to do so as carefully as you pick a doctor or dentist.
The official Internal Revenue Service tax season kicked off Friday. Legislators and low-income advocates from United Way, Voices for Utah Children, and “Earn it…Keep it…Save it” gathered at the state capitol to mark the day. They are urging Utahns to apply for the Earned Income Tax Credit, or E-I-T-C, when they file their returns. IRS spokesman Bill Brunson says the average Utah EITC was $2,300 dollars last year and he says the amount could be as high as $6,200.