Tax Day Is Here: What You Need To Know

Tax Day is here – Monday, April 18th is the deadline to file your federal tax return.

Here’s what you need to know if you’ve waited until the last minute.

First off, you’re in good company – about 100 million people have not yet done their taxes for this year.

If you don’t get your taxes done by the midnight deadline, it’ll cost you – the penalty for not filing is anywhere from half a percent to five percent per month.

Your refund might take a little longer this year – the IRS is understaffed and still dealing with a huge backlog from last year.

Still, most refunds should arrive within 21 days. The best way to ensure a speedy refund?  File electronically and use direct deposit.

Your Tax Day (this Monday!) to-dos:
1. File your taxes ✔️
2. Share a video on Twitter showing how you like to relax, follow & tag TurboTax, and use #TurboTaxAndRelax & #Sweepstakes for a chance to win $10,000 🤑

That’s right, TEN THOUSAND DOLLARS.

Rules: https://t.co/xl2lGosoLc

— Intuit TurboTax (@turbotax) April 16, 2022