Tax Tips

KNOXVILLE, Tenn. (WVLT)- If you're scrambling to get your taxes done before the April 18th deadline-- you're probably not alone.

And there's of course plenty to think about.

We have some tips-- straight form the IRS.

It's recommended you don't miss the filing dead-line, especially if you owe taxes.
There could be penalties involved.

An extension only post-pones filing not paying.

You should pay what you can when you file.
This lowers the amount of interest and penalties.

And watch out for mistakes.

Don't forget about tax credits for workers.
If you worked any part of 2010 and you're income is less than $48,362, you may be eligible for the income tax credit.

You can file free online at at IRS.gov, as long as your household income was $58,000 or less last year.

There are also sites where you can get your tax preparation and e-filing done for free by IRS trained volunteers, if you are 60 years or older and made less than $49,000 last year.
You can call 1-800-906-9887 for more information

And be on the look out for scams.

For further details, just go to IRS.gov.


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