The Internal Revenue Service is reminding an estimated 125,000 Alabamians who requested a six-month filing extension in April that the deadline to file their 2010 federal tax returns is rapidly approaching. Those folks have until Monday, Oct. 17.
"We hope individuals and small businesses will double check their returns for recently expanded tax benefits, like the new Small Business Health Care Tax Credit," said IRS spokesman Dan Boone.
New for 2010, the Small Business Health Care Tax Credit is designed to encourage small employers, those with fewer than 25 full-time equivalent employees who employ low-and moderate-income workers, to offer health insurance coverage for the first time or maintain coverage they already have.
Boone reminded filers that IRS e-file and Free File are available only through Oct. 17 those filing their 2010 returns.
"More than 1.7 million Alabamians have used IRS e-file so far this year, an increase of 8.4 percent over this time last year," Boone said.
Boone also reminded individual taxpayers about special tax benefits for 2010, including the Making Work Pay Credit for workers and self-employed individuals, the American Opportunity Credit and other higher education tax benefits for parents and students, residential energy credits for various energy-saving home improvements, the Earned Income Tax Credit for low- and moderate-income workers and working families, and the Child Tax Credit and Additional Child Tax Credit for low- and middle-income families.
Taxpayers can visit www.IRS.gov, the official IRS website, for details.