Tax deadline day: Experts urge all to file now

The IRS is urging everyone to file their returns electronically, because right now it is taking up to six months to process a paper return.

News 12 Staff

Apr 18, 2022, 11:16 AM

Updated 729 days ago

Share:

It's tax deadline day and there's just hours left to file your taxes or file an extension.
The IRS is urging everyone to file their returns electronically, because right now it is taking up to six months to process a paper return.
This year's return will be a little more complicated than usual for those trying to meet the deadline.
That is due to the need to factor in the child tax credit, the third stimulus check and new rules about reporting income from cryptocurrency.
Late filers can request an extension, but if you owe taxes, you'll still have to pay something to the IRS.
Bottom Line CPA Ed Slott says to get some sort of paperwork in by 11:59 p.m.
“The penalty for not filing is 10 times higher than the penalty for not paying,” says Slott.
Tax experts say aside from getting your tax forms in, you also have until today to contribute to your IRA or Roth IRA.


More from News 12
2:14
No layoffs in Sachem School District; multimillion-dollar budget shortfall remains

No layoffs in Sachem School District; multimillion-dollar budget shortfall remains

1:32
Chances for showers next 2 days; cooler trend for rest of workweek

Chances for showers next 2 days; cooler trend for rest of workweek

2:06
School superintendent: No major cuts to programs or school closures this year in Long Beach

School superintendent: No major cuts to programs or school closures this year in Long Beach

1:34
West Islip BOE approves $139M budget as parents address safety concerns

West Islip BOE approves $139M budget as parents address safety concerns

1:40
West Islip student accused of bringing gun, bullets to high school pleads not guilty

West Islip student accused of bringing gun, bullets to high school pleads not guilty

0:33
Adventureland opens Tuesday for people with autism and their loved ones

Adventureland opens Tuesday for people with autism and their loved ones

0:23
Police: Tractor-trailer filled with potatoes goes up in flames on LIE

Police: Tractor-trailer filled with potatoes goes up in flames on LIE

1:04
Driver in fatal shooting of Detective Jonathan Diller pleads not guilty

Driver in fatal shooting of Detective Jonathan Diller pleads not guilty

1:59
State budget tentative agreement allows school boards to move forward

State budget tentative agreement allows school boards to move forward

1:30
DEC: 3rd layer discovered under chemical drums already uncovered at Bethpage park

DEC: 3rd layer discovered under chemical drums already uncovered at Bethpage park

0:22
Police: 2 officers injured while making arrest at Bellerose 7-Eleven

Police: 2 officers injured while making arrest at Bellerose 7-Eleven

0:30
Police: 23-year-old charged for scrawling antisemitic graffiti in East Meadow

Police: 23-year-old charged for scrawling antisemitic graffiti in East Meadow

1:52
‘Wastewater Olympics’ held in East Rockaway ahead of Earth Day

‘Wastewater Olympics’ held in East Rockaway ahead of Earth Day

1:50
Made on Long Island: Ronance Mouthwatering Morsels in Bellmore

Made on Long Island: Ronance Mouthwatering Morsels in Bellmore

1:32
Nassau Community College professors call on state to step in to help school survive

Nassau Community College professors call on state to step in to help school survive

Police: Driver arrested for fatal Brentwood hit-and-run

Police: Driver arrested for fatal Brentwood hit-and-run

1:39
Paws & Pals: Dogs up for adoption at Almost Home Animal Rescue

Paws & Pals: Dogs up for adoption at Almost Home Animal Rescue

4:39
Guide: Ways to help you identify and deal with work burnout

Guide: Ways to help you identify and deal with work burnout

1:49
Officials: Fire dispatcher's wife alerts him about blaze at their Centereach home

Officials: Fire dispatcher's wife alerts him about blaze at their Centereach home

0:32
State police: Trooper conducting traffic stop rear-ended on Meadowbrook State Parkway

State police: Trooper conducting traffic stop rear-ended on Meadowbrook State Parkway