According to the IRS about 153 million individual tax returns are were expected to be filed this year, and with just hours left before the deadline – many were in the last minute tax rush.
April 15 – better known as Tax Day – and it’s one of the busiest days of the year for many.
“Yesterday- this whole weekend we have been so busy,” said Maria Solis, the owner of Los Taxes.
Solis says it’s been a pretty busy season overall – especially with the new tax laws.
“The law changed now you can’t do the deductions that we used to do – mileage, phone, uniforms,” said Solis.
On Friday the IRS sent out a reminder to the 50 million taxpayers who did not file – the agency also reminds late filers on the different options available to them.
If you file late – the penalty is 5% per month and can be as much as 25%, depending on how late the taxpayer files.
“If you’re getting a refund you’re not going to pay a penalty. If you owe it will depend on how much you owe,” said Solis.
For those who would like to file an extension – there are still options for you to do so.
For a tax return filed more than 60 days late, the penalty is at least $215.