Sunday, April 13, 2008

Tax deadline drawing near

It’s not too late to file your federal income taxes by the midnight deadline Tuesday — which could payoff twice this year for many taxpayers in Alabama and across the nation.

It’s not too late to file your federal income taxes by the midnight deadline Tuesday — which could payoff twice this year for many taxpayers in Alabama and across the nation.

Eligible taxpayers who file a 2007 federal income tax return may also receive an economic stimulus payment — or rebate — from the U.S. Department of the Treasury. The rebate checks will be mailed out starting in May.

The possibility of receiving a rebate check, however, has encouraged more people to file their 2007 federal income tax returns before the Tuesday deadline, Internal Revenue Service Media Specialist Dan Boone said.

The IRS first predicted that 120,000 Alabamians would file extension requests this year, but the agency now expects that number to drop, Boone said.

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