New Canaan expert shares last-minute tax advice for tax-filers
Filing an extension doesn’t mean you don’t have to pay taxes by April 15, Roy Abramowitz says. You should calculate what you think you owe and pay it by the deadline, or face penalties.
Share:
More Stories
0:25
Police: Intoxicated Southbury woman fled scene of rollover crash
2h ago2:46
Study: What you eat in midlife impacts your health at 70
3h ago1:27
Sen. Blumenthal: Decision to revoke international student visas is shocking
4h ago0:59
Bridgeport nonprofit to host forum on the impact violence has on children
4h ago3:07
Divers search for helicopter parts after crash killed a family of five and the pilot, a Navy vet
19h ago3:31
Jury hears 911 call made from Jose Morales’ phone shortly before he allegedly killed girlfriend
20h ago0:25
Police: Intoxicated Southbury woman fled scene of rollover crash
2h ago2:46
Study: What you eat in midlife impacts your health at 70
3h ago1:27
Sen. Blumenthal: Decision to revoke international student visas is shocking
4h ago0:59
Bridgeport nonprofit to host forum on the impact violence has on children
4h ago3:07
Divers search for helicopter parts after crash killed a family of five and the pilot, a Navy vet
19h ago3:31
Jury hears 911 call made from Jose Morales’ phone shortly before he allegedly killed girlfriend
20h agoTime is running out to file your taxes, and a local expert is sharing some last-minute tips.
Filing an extension doesn’t mean you don’t have to pay taxes by April 15, Roy Abramowitz says. You should calculate what you think you owe and pay it by the deadline, or face penalties.
“It’s like you didn’t file an extension," Abramowitz says. "You’re going to be charged late-filing penalties, underpayment penalties and interest, which is compounded daily."
Experts recommend e-filing to get your refund quicker, make sure to take all the deductions you can, and never ignore letters from the IRS, especially if you think you owe back taxes.
“If you work at home, take a home office deduction and include everything," Abramowitz says. "Portion of the mortgage, the real estate taxes, repairs and maintenance, everything."
Recent IRS layoffs have caused processing delays, Abramoqitz says.
If you send in your return by mail, experts say, make sure to request a certified return receipt to have proof.
The IRS is also warning taxpayers about scams this time of year.
More from News 12
0:28
Rye Ridge Deli in Stamford preparing for Passover
3:13
Main Street Connecticut: Showcasing the top stops in Stamford
0:33
House votes to overturn Biden-era rule limiting bank overdraft fees to $5, sends to Trump to sign
Trump pauses tariffs on most nations for 90 days, raises taxes on Chinese imports
1:13
The Cost Of: Easter staple not sweet on the budget
0:51
