Adam Jeffery | CNBC
The Internal Revenue Services offices in Washington, D.C.
If you haven’t pulled your tax return together and sent it into the IRS by now, you’re just about out of time.
Maine or Massachusetts, taxpayers in those states have until midnight Wednesday to file.
Procrastinators can request a six-month extension to submit their returns, but you only have until midnight Monday to submit taxes owed.
The IRS is expecting to receive about 153 million individual tax returns from 2018 over the course of this year.
This season is the first time taxpayers will file under the Tax Cuts and Jobs Act. This overhaul of the tax code roughly doubled the standard deduction to $12,000 for singles ($24,000 for married-filing-jointly), eliminated personal exemptions and limited itemized deductions.
Those changes threw taxpayers and accountants for a loop. The more elaborate the return, the longer people waited to submit their paperwork.
“In terms of the tax season, this year was one of the worst with the slowness,” said Jeffrey A. Porter, CPA and founder of Porter & Associates in Huntington, West Virginia.
“We’re going to have more extensions than we had in the past,” he said.
Here’s what you should know in the final hours of tax season.
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