With just under a week left until the April 15th deadline, it is now crunch time for filing taxes. If you are one of the many who still have not filed yet and will in the coming days, it will be critical to take measures to ensure that you get every credit you deserve.
It is not just a myth. Countless Americans leave billions of dollars unclaimed each tax season. For many people, this process means a lot of headaches and anxiety. You may be wondering: how can I efficiently get my taxes done with as much accuracy and as little stress as possible?
MyFreeTaxes, which provides free tax preparation and filing assistance, is a collaboration between three non-profit organizations: Goodwill Industries International, The National Disability Institute, and United Way.
To spread the word about the best ways to get taxes filed and to share last-minute tax tips, MyFreeTaxes sponsored an interview opportunity with tax expert Laura Scherler.
Scherler is Director of Income Capacity Building at United Way, and provided unique and helpful insight for all those looking for methods of making filing their taxes easier and less daunting.
Some of Scherler’s tax tips:
Be aware and understand what the deadline means.
While it may still feel like April just started, April 15th is less than a week away. It is in your best interest to do everything you can to get your taxes filed on time, Scherler said. If the need arises, you can apply for an extension to filing your taxes through the IRS website, www.irs.gov/
Keep in mind though, she warned, that this is an “extension to file, not an extension to pay.” If you owe money to the IRS, you will still be expected to pay all or part of it by the general deadline.
Make sure that you understand what credits you may qualify for and how to claim them.
For help with this, Scherler indicated a checklist featured on the IRS website.