Deadline for federal tax filings is April 17

Annette Kraft               CBS News

Annette Kraft CBS News

Also, if you filed in January or early February and claimed the refundable Earned Income Tax Credit or the Additional Child Tax Credit, the IRS by law was not allowed to start sending that money out until February 15.

The good news is that this year they will get a reprieve of sorts from the usual April 15 filing deadline - an extra two days to Tuesday, April 17. But getting an extension only gives you more time to file your return - you still have to pay what you owe now.

If you received a refund of more than a few thousand dollars, check out the revised IRS withholding tax calculator on IRS.gov.

The IRS says that electronic filing is the best way to avoid common mistakes.

If you try to file, and are missing a document, you can file for a six-month extension. Then, subtract this year's withholdings and estimated payments you made over the course of the year, and send the difference to the IRS this year.

Procrastinators can take some solace in knowing that as of Friday 40 million Americans hadn't filed their taxes, according to the IRS. Nearly all rejected extensions are the result of submitting incorrect information, such as a name or Social Security number that does not match IRS records. They'll need to wait because they don't have the information necessary to compute their tax obligation. You still have to file, that's the law. Specifically, if the IRS has found an error on your return or requests more information from you.

Some of those options include Free File Alliance, Volunteer Income Tax Assistance, and AARP's Foundation Tax-Aide program.

If you are unsure how much you owe in taxes, here's some math to figure out what to pay now. After doing so, you may want to adjust your W-4 at work. Certain deadlines falling on or after December 4, 2017 and before April 30, 2018, may be granted additional time to file through April 30, 2018. If you're married filing jointly and your adjusted gross income is less than $150,000, just make sure that this year's withholdings plus payments equal the same as last year. For the 2015 tax filing year, the IRS indicated that only 802 people had included cryptocurrency gains or losses in their tax filings.

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