Emancipation Day holiday extends taxpayers' freedom

Tardy tax filers have until midnight tonight to file this year's tax returns, all thanks to a Washington D.C.-specific holiday last week, but experts say that if you think you owe, it's probably better to file for an extension than to rush through the process today.

The Emancipation Day holiday, which fell on Saturday this year, was celebrated last Friday, giving taxpayers an extra three days to file their returns.

There are several avenues that procrastinators can take to file their returns today, but CPA Douglas Ruttenberg says that if you think you owe, there's no reason to rush. "If it's last minute, don't run to get it done ? get that extension. Do it correctly."

Anyone who does not file their taxes by the end of today will need to submit Form 48-68, which gives filers a six-month extension.

Tardy tax filers rejoice with 3-day extension

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