Last Minute Tax Tips — Quick Tips for Saving Fees on Your Tax Refund
If you are a procrastinator when it comes to filing your taxes, you aren’t alone. According to the Internal Revenue Service, up to 25 percent of all Americans wait until the last two weeks before Tax Day to file their taxes or ask for an extension. If you are one of those 25 percent, GreenPath counselor Dorothy Barrick offers some quick tips if you are receiving a refund this year.
• You will get your refund much faster, and it will be more secure, if you opt for a direct deposit of the tax refund into your checking or savings account.
• Check with your financial institution to make sure that you can have an automatic deposit into the savings account as this differs from place to place. Farmers State Bank is a great place to open a savings account if you don't have one.
• If you prefer to receive a paper check and don’t have a savings account, open an account now to avoid fees for cashing the check. .
Don’t Bet on the Post Office for that April 15 Tax Return Mailing
According to MONEY Magazine, with 80 percent of people e-filing in 2012, the Postal Service has fewer locations open late on April 15. FedEx’s evening hours will be normal, and some UPS sites will delay closing. Search for "private delivery services" on irs.gov to get the IRS mailing address you will need to send your return .