2. Don’t be late
Federal tax returns must be filed before midnight on Tuesday, April 15. However, taxpayers who file IRS Form 4868 by April 15 can delay filing their federal return until Oct. 15. But getting the automatic extension does not delay the requirement to pay your taxes by April 15, and penalties could be imposed and interest charged on taxes not paid by April 15. Don’t forget that many states have different filing deadlines; make sure you know what the due date is for your state income tax return.