Tax deadline: Things to know about filing taxes

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But this year you have two extra days to file.

For the 2015 tax year, the IRS indicated that only 802 people had included cryptocurrency gains or losses in their tax filings.

What many people don't know is that you can file an extension. If a person consistently gets tax refunds every year, they can adjust their federal income tax withholding by updating their Form W-4 with their employer.

Filing for an extension does not extend your tax liability payment.

Tax pros say there are many legitimate reasons why you might want to file an extension. Taxpayer Clint Parker said waiting to the last minute worked in his favor.

Or you can pay a penalty of up to 25-percent. "They should still file their return to avoid a penalty for failing to file".

Analysts estimate that the crash in cryptocurrency prices in Q1 of Y 2018 may have been due to a larger sell-off by digital currency investors interested in holding fiat currency heading into tax season.

Officials are reminding people if the IRS does need to contact you, they will do it through a letter.

If you are unsure how much you owe in taxes, here's some math to figure out what to pay now. This year it was pushed to Tuesday, April 17, because Washington, D.C., is celebrating its emancipation holiday on Monday. Workers are starting to see more take-home pay as employers implement the new withholding guidelines from the IRS. Go back and look at what you paid in taxes a year ago, including both withholdings and any payments you made (including estimated quarterly payments as well as payments you made last April). 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.

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