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Tax Filings Slightly Down This Year – International Revenue Service Reports
Taxpayers Rush to Complete Returns as Tax Day Approaches
According to App, as Tax Day gets closer on April 15 lots of people are getting ready to do their taxes. The International Revenue Service says they’ve gotten slightly fewer tax returns this year compared to last year. But they’ve also processed fewer returns. People are in a hurry to finish their taxes and there are different ways to get help like asking for more time or checking if you qualify for special tax credits.
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Tax Day Looms: International Revenue Service Sees Fewer Returns, Extension Options, and Hidden Tax Credits Explored – Check It Now! (PHOTO: Spot.ph)
Here’s What to Think About
If you find it difficult to complete your taxes by April 15 requesting an extension is an option but it’s important to be mindful that extending your deadline could affect your refund. It’s advisable to carefully consider the advantages and disadvantages before making a decision. When filing your taxes take the time to investigate any tax credits or refunds for which you may be eligible with the Internal Revenue Service (IRS). While tools such as chatbots can be helpful it’s also a good idea to seek guidance from a tax professional. Furthermore, don’t forget to check for unclaimed refunds from previous years as the Internal Revenue Service currently holds over a billion dollars from 2020.
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