If you haven't gotten around to doing your taxes yet, now is the time to make sure you get them done. Even though the deadline isn't until April 18th, you'll want to start now before it's too late. Here are some last minute tips that will save you money and headaches!
Grab Form 1098
The greatest real estate deduction for most people will be the interest and property taxes. Even though you might be eligible for other real estate-related deductions and tax credits, these are the biggest ones for most people.
File an Extension
Regardless of what you have heard, it’s very simple and penalty-free to file for an extension. This will get you six additional months to get your taxes in order. However, the IRS still requires you to pay your estimated tax bill by April 18, or interest accrues on what you owe.
Hire some Help
If you make less than $64,000 a year, you qualify to use Free Tax Prep software from the IRS. There are other on-line tax filing options for relatively straightforward taxes.
If all else fails, find yourself a good accountant.