Jackson Hewitt Alerts Taxpayers of Fall Deadlines

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Jackson Hewitt Alerts Taxpayers of Fall Deadlines and Recent Tax Law Changes

October 15 is Final Deadline For Filing a 2008 Tax Return

Jackson Hewitt Tax Service says now is the time to get smart about fast-approaching deadlines and recent changes to tax law. Most pressing is the October 15 extension deadline for filing a 2008 tax return. And then there are the tax laws that have been recently introduced or modified that can help taxpayers take advantage of a range of new credits and deductions that may benefit them when filing a 2009 tax return.

Taxpayers that filed for an extension for a 2008 tax return (using Form 4868) on or before April 15, 2009, must complete and file their taxes by October 15, 2009, in order to meet the deadline.

"Remember, an extension of time to file is not an extension of time to pay," explained Mark Steber, chief tax officer at Jackson Hewitt. "If you have a balance due, you will have penalty and interest to pay, which has been accumulating on that balance since April 15. However, if you filed for an extension, you will not be charged a late filing penalty as long as you submit your tax return by October 15."