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Three Very Simple Last-Minute Tax Tips

tax
Photo: Sara Robinson

The hours are slipping away and you still haven’t filed your taxes. Relax and take a deep breath. Here are are a few quick tips you can employ to make Tax Day (April 15) less stressful.

Organize your documents

Gather any W-2s and 1099s from contract work, as well as all receipts related to charitable contributions, job searches & registration fees from the DMV. Keep them all in specific folder.

E-File

Some 125 million Americans will file online in 2014. Engaging an online service or utilizing free software means you won’t we waiting in line at a tax preparer’s office or rushing to the post office April 15.

File for a Six-Month Extension

If you owe money, you will have to pay now. However, you will have six months to file. You are required to send the IRS a minimum of 90 percent of your tax liability to avoid a costly penalty.

Remember: if you can’t pay, you could be eligible for an installment plan. Check with the IRS to know for sure.


Taxes are never fun, but with a little focus, you can successfully file for the deadline tomorrow night.

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