What are the deadlines for tax deductions this year?
An example of an AI chatbot conversation about tax deduction deadlines.
What are the deadlines for tax deductions this year?
The deadline for filing your tax return is April 15, 2024. However, if you file for an extension, you have until October 15, 2024.
Are there any specific deductions I should be aware of?
Yes, common deductions include mortgage interest, student loan interest, and medical expenses. Make sure to check the IRS guidelines for eligibility.
What happens if I miss the deadline?
If you miss the deadline, you may face penalties and interest on any unpaid taxes. It's best to file as soon as possible to minimize these.
Can I still claim deductions if I file for an extension?
Yes, you can still claim deductions if you file for an extension, but you must estimate and pay any taxes owed by the original deadline.
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