If you were one of more than 11 million taxpayers who requested a 6-month extension on filing your taxes, you have less than 1 month to file your taxes. Your return must be filed by Oct. 15 th . However, those individuals who are in the military serving in Iraq, Afghanistan or other combat zones usually have 180 days after they leave the combat zone to file their return and pay taxes due.
If you owe taxes, you should still file by the deadline to avoid the late filing penalty of 5% per month.
Before filing be sure to take a moment to see if you qualify for any credits or deductions. Commonly overlooked credits and deductions include:
· Benefits for low-and moderate-income works and families, especially the Earned Income Tax Credit.
· Savers credit, for low-and moderate-income works who contributed to a retirement plan, such as an IRA or 401(k)
· American Opportunity Tax Credit , and other education tax benefits for parents and college students.