While e-filing and do-it-yourself tax software for your home computer promise to make income tax season a breeze, everyone knows it's never as easy as 1-2-3.
In case you're still trying to figure out what Earned Income Tax Credit means or debating whether to trust a computer to calculate your precious refund, here's a guide to get you started:
• Jan. 31: Employers must make W-2s available to workers
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• Feb. 11: First day taxpayers who qualify for the Alternative Minimum Tax can file their returns
• April 15: All income taxes must be filed or postmarked. It's also the deadline to request an extension.
Note: Remember, if you owe money, you have to pay or have a payment plan arranged by April 15.
No one files an income tax return without scratching their head at some point. The following are answers to some of the most common questions:
1 Percent error rate on tax returns filed electronically
20 Percent error rate on tax returns filed on paper
25 Percent of eligible taxpayers who don't claim the earned income tax credit
67 Percent of South Carolinians who filed electronically last year
72 Pays until the tax filing deadline
73 Percent of South Carolinians eligible for free file