Deadline to Efile your 2021 tax returns is approaching…
Typically, taxpayers would file their income tax returns by the mid-April deadline, April 18th in 2022, to avoid penalties and to receive their refunds on time. However, for those of you who have not yet filed, the deadline to file electronically is approaching. The last day to file your 2021 tax returns electronically is October 17th, 2022.
Why should you not miss this deadline?
If you have all your tax documents ready to file, you should not wait any longer. Efiling is the easiest and fastest way to get your refund (if you are expecting one). It is also better to efile to avoid delays on processing your returns even if you owe money to the tax agencies-remember, the longer you wait to file and pay, the more penalties and interest you accumulate.
Filers who applied for an Extension of time:
Taxpayers who prepared and filed Form 4868- Application for Automatic Extension of Time to File, must efile their tax returns by October 17th, 2022. This form can be filed by any individual or business who need an automatic 6-month extension to file their tax returns. Taxpayers usually file this form because they are not ready to file by the mid-April deadline, but this extension doesn’t allow you to extend your tax liability. You have to pay what you owe by the mid-April deadline, or you will face penalties and interest from the tax agencies.
Bottom Line:
Don’t miss the October 17th deadline to file your taxes. Avoid the delays and save yourself the headache!
Get in touch with us! Let us fix your tax problems! You can call/text us at (347) 720-2224, or email us your concerns at contact@ztaxllc.com. Follow us on social media.
