Last-Minute Tax Tips on CBS This Morning
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 12 April 2019
⏱️ 3 minutes
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Summary
There is less than a week left for many people to meet the April 15 deadline. Massachusetts and Maine residents have until the 17th. The IRS reports the number of returns is down 1.4% compared with this time last year. The average refund dropped $20 to just under $2,900. I joined CBS This Morning to discuss what last-minute filers need to know.
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Transcript
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| 0:00.0 | There is less than a week left from many people to meet the April 15th deadline. |
| 0:08.0 | Massachusetts and Maine residents have until the 17th. |
| 0:11.0 | The IRS reports the number of returns is down 1.4% compared with |
| 0:15.8 | this time last year. The average refund dropped $20 to just under $2,900. |
| 0:21.2 | That means the IRS has refunded more than $6 billion less this year. |
| 0:26.6 | CBS News Business Analyst, Jill Slesinger is here with what last minute filers need to know. |
| 0:30.9 | Good morning. |
| 0:31.9 | Hi, so if you're a procrastator what should you be doing well clear |
| 0:35.2 | your weekend schedule you know it's not going to be fun right so we want to make sure |
| 0:39.2 | that you gather up your documents and you figure out how you're going to file. The IRS says |
| 0:43.4 | please try to do it electronically and there's a few different resources. You know |
| 0:48.0 | that there are commercially available software programs you've heard of all of |
| 0:51.7 | them but there's also a really great |
| 0:53.8 | resource the IRS provides. IRS free file if you have income of less than |
| 0:58.8 | $66,000. It's great. There's also the fillable forms that come prepopulated. So this is a good idea. |
| 1:06.2 | I know if you've got a complicated situation, the idea could be, I must find somebody, but with a week to go, |
| 1:11.5 | I think finding a person who you can actually |
| 1:13.8 | sit down with is going to be tough. So 2018 returns are the first tax returns |
| 1:18.3 | right since the tax cuts and job backs and I saw that one account it was quoted |
| 1:21.9 | account was quoted in the New York Times and saying |
| 1:24.0 | this is the most complicated tax season ever. |
| 1:27.0 | So has it gotten harder? |
... |
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