Maximize Your Tax Returns: Myths, Tips, and Filing Know-How.
Many taxpayers believe in common tax myths, such as the deadline for filing tax returns is always April 15, or that filing an extension will give them more time to pay their tax bill. However, the IRS has clarified that tax returns are due on April 18, 2023, and extensions only give more time to file, not to pay. Taxpayers can file their taxes for free if they made $73,000 or less in 2022, and they are ultimately responsible for all information on their tax return, even if a tax preparer made a mistake. Taxpayers should compare this year's return with last year's and work with a tax professional year-round to avoid repeating the same mistake.