Last-Minute Tax Tips for Slackers Like Me
Yay, tax time! Isn’t this just the greatest? Give Uncle Sam money all year, and then find out how much more you’re giving him RIGHT NOW OTHERWISE YOU’LL BE PENALIZED!
We even get a few extra days to
sell organs finish our taxes. The 2017 tax filing deadline is Tuesday, April 18th.
You might be entering the panic zone. Right off the bat, if you don’t file your Minnesota state taxes on April 17th you’re automatically given a six month extension to file.
Keep in mind, that extension is for filing only. Your taxes are still due on April 17th. Same goes with filing an extension for federal taxes. The penalty for not paying on-time (even when an extension is filed) is 5% of what you owe each month.
If you’re taxes aren’t too complicated, keep this list of tax tips next to your accountant/computer.
Last-Minute Tax Tips
1) Use a calculator
Yes, we were taught to write out math problems on paper in school…but we’re adults, now, so screw that. Use a calculator.
2) File With the Correct Name
If you got married and haven’t yet legally changed your name, you have to file under your maiden name.
3) Mail Your Returns to the Correct Places
Or just file electronically like the rest of the 21st century. If you insist on snail-mailing it, quadruple-check that you’re sending your taxes to the correct locations.
4) Beware of Typos
An incorrect social security number is bad. Really bad.
5) Make Sure ALL of the Forms Are Filled Out
It’s better that you quintuple-check that all of the necessary forms are filled out and filed than being informed by the IRS that you missed something.
6) Get All of Your Deductions
Did you get married last year? Buy a house? Thems be some nifty deductions. Don’t forget them so you don’t pay more than you need to.
7) Plan Ahead Next Year
Set aside a weekend in February (you should have all of your W-2 forms by then) to get this crap done and over with.
H/T: Business Insider
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