• Arizona
  • Thursday , Feb 1 , 2018

Area Info

San Tan Valley Area Information

2 minutes reading time (398 words)

Good news, procrastinators: Tax deadline pushed to Tuesday

Good news, procrastinators: Tax deadline pushed to Tuesday

Monday is Emancipation Day in the District of Columbia. It marks the day in 1862 in which 3,100 slaves living in Washington were freed.

All the states that usually have an April 15 deadline have delayed their filing date as well. A handful of states have later deadlines.

The IRS has already processed 101 million individual returns and has issued $229 billion in refunds. The average refund is $2,851.

The tax agency said Thursday that nearly 40 million taxpayers have yet to file their returns. Taxpayers can request an automatic six-month extension.

But there is no extension for paying your tax bill. If you owe additional taxes, they are still due Tuesday.

"With the tax deadline approaching, taxpayers shouldn't panic. The IRS has many options available to help people as they finalize their tax returns or if they need to get extra time to file," said IRS Commissioner John Koskinen.

As last-minute filers rush to finish their taxes, their chances of getting audited have rarely been lower.

The number of people audited by the IRS in 2016 dropped for the sixth straight year, to just over 1 million. The last time so few people were audited was 2004. Since then, the U.S. has added about 30 million people.

The IRS blames budget cuts as money for the agency shrank from $12.2 billion in 2010 to $11.2 billion last year. Over that period, the agency has lost more than 17,000 employees, including nearly 7,000 enforcement agents. About 80,000 people work at the IRS.

In 2016, the number of people audited by the IRS dropped by 16 percent from the year before. Just 0.7 percent of individuals were audited, either in person or by mail. That's the lowest audit rate since 2003.

The higher your income, the more likely you are to be audited. The IRS audited 1.7 percent of returns that reported more than $200,000 in income. Agents audited 5.8 percent of returns that reported more than $1 million in income.

Both audit rates were steep declines from the year before.

Font size: +
'Star Wars: The Last Jedi' teaser trailer lands in...
Jack Harmon Students Raise over $800 for Leukemia ...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Tuesday, 11 August 2020
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

By accepting you will be accessing a service provided by a third-party external to https://santanvalley.com/

Stay Connected

Rural Metro Fire

Rural Metro Fire

San Tan Valley, Pinal County
MyBizNow LLC

MyBizNow LLC

San Tan Valley, Pinal County
Pan de Vida Foundation

Pan de Vida Foundation

Queen Creek, Maricopa County
Leading Edge Academy

Leading Edge Academy

San Tan Valley, Pinal County
San Tan Leads

San Tan Leads

San Tan Valley, Pinal County
Any Payment Solutions

Any Payment Solutions

San Tan Valley, Pinal County
J.M. Kuhstoss Remodeling Pros

J.M. Kuhstoss Remodeling Pros

San Tan Valley, Pinal County
San Tan Valley Publications

San Tan Valley Publications

San Tan Valley, Pinal County

Daily News

Wait a minute, while we are rendering the calendar

Upcoming Events

11 Aug

Learn how to take control and manage your health by...

11 Aug
Mental Health & COVID-19 Webinar
08.11.2020 11:30 am - 12:30 pm

You're invited to a free Resilient Arizona...

12 Aug
SimonMed Mammodays at Fry's
08.12.2020 8:00 am - 3:00 pm

OPEN TO THE PUBLIC!

Mobile On-Site Mammography by...

13 Aug
Banner Children’s Health Mobile
08.13.2020 9:00 am - 5:00 pm

Banner Health provides health services to...

13 Aug
Blood Drive
08.13.2020 2:00 pm - 7:00 pm

Poston Butte is hosting a blood drive and you're...

Partners

Advertise your business to hundreds of thousands of potential customers, while supporting your local news resource at the same time. Our Partners help us provide you with services and information to help keep you informed.

Become A Partner

Follow Us

0
Our San Tan Valley Community Keeps Growing!

San Tan Valley News

EPCOR Customer Update

Jul 28, 2020 Hits:1359

Twitter Feed

About SanTanValley.com

About SanTanValley.com

Search