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Deadline for self-declaration 2020: How to register an extension, estimate returns and more

tax day 4005

Taxes are now due.

Angela Lang / CNET

The tax day has come and gone. The IRS pushed back the traditional date of April 1

5 to July 15 as a result of coronavirus pandemic and its immediate hit the US economy. If you submitted and calculated your refund, or ended up sending the IRS some money, then you’re ready for this crazy year.

However, those who submitted an extension to the IRS still have some work to do. Read on for more information and, as always, be aware that there are many common – and dangerous – tax frauds to avoid.

Read more: Stimulus control 2: When could it come? We split the dates to know

What if I missed the tax deadline?

Penalties that cannot be filed are $ 300 in 2020. (The taxpayer’s first law of 2019 will increase this penalty to $ 330 in 2021.) To avoid paying it, you should have e-filed or postmarked your individual tax return with midnight on July 15th. In the future, one of the many benefits of archiving early, prevents a hacker from submitting fraudulently on your behalf, it is reasonable enough to make your taxes as soon as possible.

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How do I request an extension?

The IRS usually allows taxpayers to apply for an extension. This year, according to the instructions on Form 4868 (Application for Automatic Extension of Time to File U.S. Individual Income Statement), taxpayers can apply for an additional three months to file, making October 15 the due date.

What changes for 2019 taxes do I need to know about?

For the fiscal year 2019, the IRS has adjusted individual income tax brackets and adjusted them for inflation. And there are new regulations that involve standard deductions, 401 (k) plans and health accounts that can affect how you prepare your taxes. The most important changes include:

  • The standard deduction is now $ 12,200 for single filers and $ 24,400 for married couples filing jointly. (Read more.)
  • The 401 (k) grant limit has been increased to $ 19,000, but the collection limit for people 50 and over remains $ 6,000. (Read more.)
  • The contribution limit for health accounts has been increased to $ 3,500 for self-coverage and $ 7,000 for families. (Read more.)
  • “Individual mandate punishment”, which was previously charged to persons who did not have health insurance, has now been eliminated. (Read more.)

Last year, The IRS was closed due to a government closure. This year, many authorities have closed their doors or are working with severely reduced capacity. Many taxpayers will need to rely on online resources to help them navigate the filing process. The IRS published a 12-page PDF covering the major changes that took effect last year and there are answers to many questions on the IRS website.

There are also many companies that want to help you prepare your taxes, for a fee of course. (Depending on your annual income, however, you may be eligible for free resource support resources they are harder to find than they should be.) CNET: er Personal Finance the crew has prepared a variety of tax resources to help you, including a series of articles covering the 2020 tax season from all sides:

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Tax registrations must be postmarked no later than July 15.

Angela Lang / CNET

What tax preparation apps can I use?

There are many tax apps, but we have compiled some of the most reliable ones apps and services for tax preparation. Continue reading below for even more information on how to register taxes online.

How do I register my taxes online?

CNET has rounded off the best tax software for 2020, with suppliers such as TurboTax, H&R Block and TaxSlayer. These companies can make the tax filing process much easier, from reporting your taxpayer or self-employed income to setting up direct deposit to going through your specified deductions.

Read more: The best tax software for 2020

As noted, the IRS provides a list of free online tax prep software offered by many of the same providers. The only catch: It’s free only if you want to use 1040EZ forms. This means that your tax situation must be relatively simple. You can use it if you earn less than $ 100,000 a year, you do not specify deductions and you do not own a business.

Of course, if you want to specify deductions or have a more complex financial situation – you run a business, have investments or generate rental income – you have to pay for a higher level of service, which can run a couple of hundred dollars. Yet for most people, even the most deluxe online package is much cheaper than hiring an authorized tax professional. And if you prefer to keep the old school, the IRS online tax forms handle some but not all of the calculations for you and still allow you to e-file or print and email.

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A number of online tax software providers will help you sign up for free.


Read: TurboTax allows you to hunt for its free tax registration service, says ProPublica

When do I have to file my state taxes?

This year, most states extended their tax return deadlines to July 15 to match the federal government’s deadline. And a couple of states have pushed the end date further; Hawaii’s state tax date is July 20 and Iowa’s July 31. Missouri’s state tax date was May 15.

Can I file my state taxes online?

Many states have their own online platforms that are usually free to use. TurboTax, H&R Block, and other online tax tools can also help you file your government returns and can import most of the information from a federal return that they have already prepared, although they usually charge a fee. Check CNET’s comparison of tax software and services to see which is best for you.

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When will I receive my refund?

How quickly you can expect to see your refund depends on how you file, when you file and which payment method you choose. Online archiving and archiving earlier usually results in faster processing. During a normal year, the typical turnaround varies from one to three weeks, but given the extreme abnormality in 2020, all investments are suspended.

If you choose direct deposit as a payment method, the IRS will deposit your refund directly into your bank account, usually making it the fastest turnaround. A direct deposit of e-Collect, where your taxpayer’s fee is deducted from your refund, can add a few days to your wait. A paper check can take several weeks to arrive.

How to use Appreciate your refund and way you might want Invest it if it’s your plan.

Where do I send my taxes?

If you file online, there is nothing to print or email, but we recommend that you save an electronic copy for your records regardless. This can be especially useful if a second stimulus control passes and you must check out your qualifications. For the first round of checks, yours the qualification was based on your tax returns.

Otherwise, you must send your return to the IRS. The specific mailing address depends on the tax form you use and the state you live in. The IRS has published the full list here.

How do I send the IRS my tax payment?

If you send your tax payment, you can choose to receive the money directly from your bank account or include a personal check or money order. If you choose the latter, you pay it to “US Treasury” and include your name, address, telephone number, social security number or ITIN (Individual Tax ID Number). During no circumstances you should send cash to the IRS.

Read more: How to handle cryptocurrency on your taxes

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How do I check the status of my refund?

The IRS website has a handy web-based tool that lets you check the status of your refund, and there’s also a mobile app, IRS2Go. You can usually access your refund status approximately 24 hours after email archiving or four weeks after return email. To check your status, you must enter your social security number or ITIN, archiving status and exact refund amount. If your status is “received”, the IRS will have your return and process it. “Approved” means that your refund is on its way.

I have questions about my taxes. Can I call the IRS?

There are many ways to contact the IRS. The agency seems to have discontinued its live chat at this time, but you can still send questions via its online form. If you prefer to talk to a person, the IRS maintains a number of dedicated phone lines that are open Monday through Friday, from 7 a.m. to 10 p.m. (local time). Individuals can call 800-829-1040 and companies can call 800-829-4933.

And there is always Interactive Tax Assistant, an online tool that provides answers to a number of tax law questions. It can determine if a type of income is taxable, if you are eligible to claim certain credits and if you can deduct the cost of your tax return. It also provides answers to general questions, such as determining your application status, whether you can claim relatives, whether you even have to submit a self-declaration, etc.

Where can I find help with my taxes?

There are many online applications and services, and you can check out CNET’s comparison of them.

The IRS usually offers free tax preparation assistance through a number of programs. For example, the voluntary income tax assistance program usually helps people who earn less than $ 54,000, are disabled, or have limited English facilities. And the program Tax Advice for the Elderly specializes in tax issues that affect people who are 60 years or older. However, due to COVID-19, many VITA sites and all TCE sites have been closed. At present, the IRS International Taxpayer Call Center remains available at 267-941-1000, Monday through Friday, 6:00 a.m. to 11:00 p.m. ET.

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