The sprint is on for the tax deadline

Today's the big day, for those of you wanting to file their taxes on time, and there are plenty of people sprinting toward that finish line. There are also plenty of procrastinators.

Based on the numbers collected by TurboTax when its users file their taxes online, Intuit has compiled a list of the cities with the most tax procrastinators. And from the looks of it, most of those in the top ten are repeat performers, making their inclusion in this list next year almost a sure thing.

Here are the top ten procrastinating cites when it comes to filing taxes:
  1. San Francisco
  2. Houston
  3. New York
  4. Chicago
  5. San Diego
  6. Phoenix
  7. Seattle
  8. Los Angeles
  9. Dallas
  10. Las Vegas
Don't forget: If you can't file your taxes on time, get an extension by filing Form 4868. If you think you're going to owe money, you should send it in with the form. Filing an extension does not mean you have extra time to pay. It only gives you extra time to file the actual tax return.

The Top Tax Myths (and What Happens When You Believe Them)

Don't get caught believing in any of these myths when it comes to your taxes.

Read More

Brought to you by TurboTax.com

Video: How to Claim State Taxes on a Federal Tax Return

Do you live in a state that imposes an income, sales, real estate or personal property tax? If you make payments for any of these taxes, you should know that the IRS may let you deduct them on your federal tax return. Watch this tax tips video from TurboTax for more information on how to claim state taxes on your federal tax return.

Read More

Brought to you by TurboTax.com

What is the Additional Child Tax Credit?

Understanding the Additional Child Tax Credit begins with the original Child Tax Credit. So what do you need to know? To start, the Child Tax Credit is up to a $1,000 credit that you can claim for each of your dependent children under the age of 17, subject to some limitations.

Read More

Brought to you by TurboTax.com

Cost Basis: Tracking Your Tax Basis

Cost Basis or Tax Basis? Whatever you call it, don't fear it. TurboTax helps you figure it out, and makes preparing your tax return easier.

Read More

Brought to you by TurboTax.com
Read Full Story