If friends or co-workers act a little short or more frustrated than normal Tuesday, it could have something to do with a certain deadline that arrives every April 15.
The deadline for filing state and federal tax returns is the end of the day Tuesday.
“Right now we’ve got almost 1.4 million returns filed,” said Paula Ross, communications director at the state Tax Commission. “We usually get about 1.7 million, so that means there’s a lot of people out there that need to file.”
Ross advises people not to panic if they have waited until the last minute. Taxpayers have two options if they are having difficulty finishing the paperwork by Tuesday’s deadline.
First, if state taxes are filed electronically, the due date for Oklahoma is April 21. Second, if filings by mail can’t be postmarked by the end of the day, taxpayers should file for an extension.
“They need to know if they file an extension, that it is not an extension of taxes owed,” Ross said. “In other words, if you think you owe money when you file that extension, there’s a place where you can estimate how much you need to pay so you don’t have to pay a penalty and interest.”
Three out of four tax filers in Oklahoma get a refund, the current average amount being $373.67. So the estimated 25 percent of taxpayers who will owe money will need to make a payment unless they are filing online and taking advantage of the April 21 deadline. Federal tax returns are due Tuesday unless an extension is filed.
Extensions will delay the paperwork due date to Oct. 15. Extension forms for federal and state taxes can be found at www.irs.gov for the federal return or www.tax.ok.gov for the state return.
According to IRS figures, 160,000 taxpayers in Oklahoma will file for extensions this year on federal taxes. Nationwide, 148 million individual tax returns are expected to be received, and more than 4 out of 5 returns are now filed electronically, an IRS official provided.