Millions of taxpayers will scramble to file before the April 17 tax deadline. Add pages of the tax code, confusing laws, costly penalties, and excessively high interest rates.
But, through the Internal Revenue Service (IRS) generous tax credits/returns, lower-income workers, with an income of $10,000 to $20,000, can itemize their deductions and end up with a refund of $4,000 to $6,000 – which far exceeds the amount of taxes withheld from their paychecks during the year.”
Accuracy posted at 10:02 am on Thu, Apr 12, 2012.
Millions of taxpayers will scramble to file before the April 17 tax deadline. Add pages of the tax code, confusing laws, costly penalties, and excessively high interest rates.
But, through the Internal Revenue Service (IRS) generous tax credits/returns, lower-income workers, with an income of $10,000 to $20,000, can itemize their deductions and end up with a refund of $4,000 to $6,000 – which far exceeds the amount of taxes withheld from their paychecks during the year.”
VofReason posted at 12:54 pm on Thu, Apr 12, 2012.
This is why it is important for the tax payers to file early........