The tax deadline is coming up with on April 15, but there is still time to get taxes in order.
Jennifer Pazdzior, a tax specialist with H&R Block on Lake Center Parkway, said the deadline is on Wednesday, though tax payers can file for an extension to file, but not to pay.
“The tax deadline is April 15. They can file an extension which gives them until Oct. 15,” she said. “But that is an extension to file not an extension to pay. So if you have a balance due your balance due is still due April 15 and penalties and interest will still be assessed from the date of April 15.”
Pazdzior said that one of the more common mistakes made is people claiming credits that do not apply to them, especially a recent change in the tax on vehicles which is no longer an itemized deduction.
“People sometimes claim credits that they aren’t entitled to,” she said. “We are seeing that since Georgia changed their ad valorem (by value) tax on cars, now you pay it up front when you purchase the car or register the car and it’s combined with the sales tax under the title ad valorem tax.”
There are penalties in place for those who do not file or pay by the deadline, but Pazdzior said it is better people to file taxes even if they can’t pay right then, thus only getting one penalty.
“There is a late filing penalty, there are late payment penalties, and those depend on the amount that is owed.”
“We do find that people often put it off if they think they owe money because they don’t have the money to pay, so they will say, ‘I’m not going to file because I can’t pay it,’” she said. “We always encourage people to file, find out how much they owe and file the return to at least avoid the filing penalty. Then they can set up a payment plan with the IRS or Georgia.”
H& R Block will be staying open later this week to accommodate extra customers, but Pazdzior recommended calling first to avoid a wait. “We’re open this Sunday [today]. We’re open until 9 p.m. on weeknights and 5 p.m. on the weekends. Calling first is a great idea so you don’t have to wait, because it is a very busy time of year, but they should still come on if they can’t call ahead.”
Though the company will be staying open later, those filing on Wednesday do need to have everything in to the post office by 6 p.m. to have the correct post mark date and avoid a late fee. The Cumming Post Office will be running on regular business hours that day, which are 8 a.m. to 6 p.m.