If you haven’t already begun, now’s the time to prepare for filing your 2014 tax returns.
The tax filing season officially opens on Tuesday, and this year there are a number of potentially big changes of which citizens need to be aware. For the first time under the Affordable Care Act, most Americans will have to certify that they had health insurance coverage in 2014 to avoid a tax penalty.
The Minnesota Department of Revenue says taxpayers can start filing their Minnesota tax forms on Jan. 20. That’s the same day that the IRS says taxpayers can start filing their 2014 returns.
The countdown is on. Taxpayers have until midnight Tuesday to get their taxes done. The IRS will receive about 135 million tax returns by the April 15 deadline. About 90 percent of those are now filed electronically. In a roundabout way, that’s helped cut down on the number of audits the IRS can conduct.
When it comes to figuring your taxes, should you rely on software or turn to a pro?
Who doesn’t want to save a little (or a lot of) extra money at tax time? Claiming all the deductions for which you are eligible can significantly reduce your tax bill.
With careful planning, you may find yourself paying the IRS much less than you have in years past.
We are just a few days into tax filing season. Though most people probably haven’t gotten their taxes done quite yet, WCCO took look into answering one of the most common questions. Tax season was delayed a few weeks, but the deadline is still April 15.
With tax season here, police across the state say this is a busy time for thieves stealing from mailboxes. In Owatonna, 15 people have reported their mail stolen since late last year.