Tax tips for filing and extensions in SHINGTON W
If you cannot meet the April 15 deadline file Form 4868 for a four month extension. You avoid late filing penalties but pay interest on unpaid tax. Estimate owed, mail a check with the form, and note that refunds are not at risk unless ignored after three years. The IRS advises filing and paying what you can. penalties and interest may apply otherwise.
MENTIONED IN THIS ARTICLE
Shington
IRS
Tax rule on mortgage points and itemizing deductions
With rates at multi decade lows many homeowners refinanced last year but cannot deduct points immediately. Itemizing helps if deductions exceed standard amounts and mortgage interest is deductible. Points deductibility depends on loan type and payoff timing. Publication 936 explains the rules.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
Tax Court
IRS
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