Tax Day Approaching

April 15th, or otherwise known as Tax Day is only three days away and NCC's Evan Brown went out to day to get all the facts about Tax Day that an average person would need to know.

Making sure you figure out your refund but also how much you owe the federal government is obviously very important. In Evan Brown's report, he said that you can wait up to three years to file for your refund but all money that is owed to the government is due by Thursday. If that money is not filed on time, you get a five percent interest fee per month that can climb up to to 25 percent.

Many of the people Evan Brown spoke to today were students as he wanted to ensure that students also knew what was expected of them come Tax Day. If your are still claimed by your parents in their taxes, you may not recieve an education credit that would entitle you to a $1000 refund from the American Opportunites. However, if they do not, you can claim yourself and you would be entitled to that money. Also, as a student, if you pay your own rent, you may also recieve a refund under renters credit.

The most important part of Tax Day is knowning all the small facts that can either get you a good refund or costing you if filed incorrectly.