Tax Time with the IRS for April 15 deadline. The Internal Revenue Service today urged taxpayers to file an accurate tax return on time, even if they owe but can’t pay in full. The IRS also recommends that taxpayers do a Paycheck Checkup early in 2019 to avoid having too much or too little tax withheld. Most taxpayers are being affected by the Tax Cut and Jobs Act passed into law recently. While most will get a refund, others may find that they owe taxes. The IRS releasing information to help taxpayers do taxes correctly is part of a series called the Tax Time Guide, a resource to help taxpayers file an accurate tax return. Additional help can be found in Publication 17, Your Federal Income Tax.
The filing deadline to submit 2018 tax returns is Monday, April 15th, 2019, for most taxpayers. Because of the Patriots Day holiday on April 15th in Maine and Massachusetts and the Emancipation day holiday on April 16th in the District of Columbia, taxpayers who live in Maine or Massachusetts have until April 17th to file their returns. Tax time with the IRS for April 15 deadline.
The IRS issues nine out of 10 refunds in less than 21 days. Using the “Where’s my refund” online tool, taxpayers can start checking on the status of their return within 24 hours after the IRS receives an e-filed return or four weeks after the taxpayer mailed a paper return. The tool has a tracker that displays progress through three phases, return received, refund approved, and refund sent. All that is needed to use “Where’s my refund” is the taxpayers Social Security number, tax filing status and exact amount of the tax refund claimed on the return.
The IRS encourages taxpayers to review their tax withholding using the IRS Withholding Calculator and make any needed adjustments early in 2019. Taxpayers should check their withholding each year and when life changes occur, such as marriage, childbirth, adoption or buying a home.