Wednesday, April 15, 2009

Last Day For Taxes

Hopefully none of you waited til the last day to file your taxes. If you did, you have until midnight tonight to file, before feeling the wrath of the IRS.

Here are some interesting Tax facts according to the [Daily Chronicle]:

1. The Internal Revenue Service estimates that 20 percent of taxpayers wait until the last week, and 5 percent to 10 percent wait until April 15 to file.

2. Just over 92 million returns were filed with the IRS through Friday, about two-thirds of the 141.2 million expected this year. The total is expected to be about 10 percent less than last year, when many people who weren’t required to file sent in returns so they could claim economic stimulus checks.

3. Taxpayers who owe taxes and don’t file their tax return by the deadline may face interest on the unpaid taxes and a failure-to-file penalty.

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