6 Tips to Get Ready for Biden’s New Tax Season

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5. Make sure you do the filling and pay on time

In case you didn’t finish the return on time, file Form 4868 by April 18 next year. It gives you an extension of the deadline until October 15, 2022. Make sure to make a good estimate on the form when it comes to tax liability and pay any balance

6. Consider filing electronically

If you are expecting a tax refund, filing electronically may be the best option. The IRS processes the electronic ones faster than the ones on paper. In addition, less than 1% of electronic returns have errors, meanwhile, those on paper have a 20% chance of having errors.

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