Tax return extension deadline nearly here

(NBC) — Time is running out if you filed an extension on your 2018 tax return.

Though these same taxpayers got more time to work on their 2018 tax returns, they still had to pay any taxes owed by April 15.

The deadline to file is Tuesday, Oct. 15.

If you are on track to miss the deadline, you will have to pay a 5% “failure to file” penalty.

The 2018 tax season was a complicated one for accountants and filers.

It was the first time taxpayers submitted returns under the Trump tax cuts.

The new law nearly doubled the standard deduction, eliminated personal exemptions and put new limits on certain itemized deductions.

 

 

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