By Lynne Adkins
PHILADELPHIA (CBS) – If you haven’t filed your taxes yet you better hurry!READ MORE: 2 Police Officers Shot During Fourth Of July Festivities On Ben Franklin Parkway: Police
Midnight is the tax deadline for your Federal, Pennsylvania and New Jersey taxes and many taxpayers will be spending the day furiously trying to finish.
Jane Scaccetti, a CPA in Center city, says there are reasons people procrastinate:
“Sometimes there are additional pieces of information that you don’t have, charitable donations that you haven’t gotten all the letters or maybe even made your list,” she said.READ MORE: With Hints Of Yellow In Sea Of Red, White And Blue, Montgomery County Town Honors Ukrainian Refugees
Scaccetti says if you just wont’ finish by midnight, you need to file IRS form 4868 for an extension.
“It gives you until October 15th to file your tax returns, so that gives you sufficient time over the summer into the fall to get all the additional pieces needed,” she said.
That’s only a six-month delay in filing the paperwork. Any taxes owed must be paid today, or you’ll end up paying fines, interest and penalties.MORE NEWS: 2 People In Custody After Apparent Road Rage Shooting In Old City, Police Say