Daybreak Blog Subscribe To This Blog
Tuesday April 15, 2008 at 6:00 am
Tax Tips
category: Special guest/segment


  If you need your tax rebate and economic stimulus payment ASAP, then you should look into e-filing and direct deposit. E-filing is fast, accurate and easy. Most available tax preparation programs with e-file options will check for errors and necessary information, plus you can usually file a state tax return at the same time you electronically file your federal return. Generally, when someone files electronically, their refund will be issued in about half the time it would take if they had filed a paper return. Direct deposit will help you get your refund in even less time, plus get your economic stimulus payment sooner, too.
  If you're worried about losing a chunk of your refund to the electronic filing fee, you should check out the IRS-sponsored Free File. The program is only available to taxpayers whose 2007 adjusted gross income was $54,000 or less, but it's a great option for those who qualify.
  REMEMBER -- you MUST file a return to get your economic stimulus check, even if you normally aren't required to file.
  If you need a little extra time to finish your return, just file a Form 4868 to get an extension until Oct. 15. You could even get an extension on paying your tax debt by filling out an online payment agreement. If you do need any form of extension, make sure to apply by April 15 to avoid any late charges and interest fees.
  If you receive unsolicited email or telephone calls from anyone claiming to be from the IRS, it's probably a scam. Don't click on any links; don't answer any questions. Forward the emails or report the calls to phishing@irs.gov.
  Earned income of less than $39,783 in 2007 may qualify a taxpayer to claim the earned income tax credit worth up to $4,716. **If your EITC is more than you owe in taxes, then you could see a jump in your rebate check! If you're not sure if you qualify, just click here.  Don't forget to check your returns for errors to make sure you get your rebate as quickly as possible!
--Double-check your figures
--Sign your form
--Attach all required schedules
--Send your return or request an extension by the April 15 filing deadline
  Any other information you need can be found at the IRS' official website.

posted by Evan Hoffmeyer

Share share this | permalink to Channel 7 News Blogs - Daybreak Blog - Tax Tips permalink | Email Comments email | RSS Feed for PermaLink to Channel 7 News Blogs - Daybreak Blog rss | Instant Message This Blog - Daybreak Blog im
Your Name
(appears on your post)
For security reasons, please type in the above letters



Please leave your comments below:
HOME   |
News   |
Weather   |
Sports   |
Blogs   |
About Us   |
Programming   |
Community   |
Video   |
Marketplace   |
Fun and Games  
TM & © KATV, LLC
Please read our Privacy Policy. By using this site, you accept our Terms of Service.
Children's Television | EEO Reports | DTV Consumer Education Reports
KATV adheres to the ICRA RATING SYSTEM

Pages throughout the KATV website feature links to other sites, some of which are operated by companies unrelated to KATV.
KATV has no control over the content or availability of any linked site.

Legal Notices. "KATV, LLC.", recognizes the privacy interests of visitors to this site on the Internet.

Satellite Home Viewer Act Information | KATV EEO Reports CLICK HERE