Filing for a Tax Extension is Easy

If you need to file a tax extension, you can fill out form 4868 from the IRS website to apply for a 6 month extension on filing your taxes.  Remember, the extension allows you more time to file your tax return but it doesn’t extend the date that your taxes are due. 

You still need to mail in a payment for your taxes by April 15^th or the IRS will charge you late fees and penalties.  So how can you pay if you don’t know how much you owe?  Well you’ll have to estimate how much you owe but remember if you underestimate you may have to pay fees on the unpaid amount. All of the programs in our best tax software list can help with filing an extension.

Here are some other tax tips that TurboTax put together for the last minute tax filer:

The 11 most overlooked deductions looks at things like reinvested dividends, state sales taxes, and the child care credit.

As you scurry to get your taxes ready, here’s a tax preparation checklist that helps you gather and organize your documents for income, tax deductions, and deductible expenses.

TurboTax and Kiplinger offer some comparisons on when it makes sense for you to itemize.

Here are some tax law changes to be aware of; things like the first-time homebuyers tax credit, income limits for deductible IRAs & Roth IRAs, tax-free parking for employees, and exemptions for the alternative minimum tax.

Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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