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Nobody like to pay taxes. But if it is easier to do, the process can be less painful and you may even save some money. Your federal income tax is due April 16, 2007. The usual deadline of April 15 falls on a Sunday, so the date has been pushed by the IRS to the next business day.
It's better to get started sooner rather than later. By starting the process earlier you can avoid late fees and fines and you can avoid the midnight run to the post office the day it's due. Better yet, with online e-filing, which millions of Americans are using this year, you don't even need to leave home.
Gather your deductions early! Remember, the following are tax deductible:
Local taxes paid this year with withholding
Real estate taxes on property you own
If you are in a co-op tenant-shareholder situation, you may deduct some of the co-ops real estate taxes attributed to your shares.
Real estate taxes paid to foreign governments
Automobile license fees
Unfortunately the following are not considered deductibles:
Fines or penalties for breaking the law including parking and speeding tickets
