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  • 4/14/2025
As tax season comes to a close, time is of the essence for last-minute filers! In this video, we share essential tax tips to help you maximize your refund and avoid costly mistakes. From deductions you might have overlooked to important filing deadlines, we’ve got you covered. Whether you're filing as an individual or a business owner, these strategies will ensure you make the most of your tax return. Don’t let the clock run out—watch now for expert advice and actionable steps! If you find this video helpful, please like and share it with others who might need a tax boost this season!

#TaxTips #TaxFiling #LastMinuteTax #FinanceAdvice #TaxSeason2025

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Transcript
00:00Am I the only one who keeps saying, I'll do my taxes tomorrow?
00:04Well, tomorrow is, and the deadline's knocking.
00:07All right, here's what you need to know.
00:09The federal tax deadline is April 15th, 2025.
00:12That's tomorrow.
00:13If you're not ready to file yet, don't sweat it.
00:16You can request an extension online through the IRS website by filing Form 4868.
00:22Just a heads up, this only buys you more time to file, not to pay.
00:26If you owe taxes, you'll need to estimate what's due and pay by April 15th to avoid penalties and interest.
00:32Speaking of penalties, here's the deal.
00:34Failing to file hits you with a 5% penalty per month, while failing to pay adds 0.5% monthly.
00:41Both rack up interest. Ouch!
00:42So even if you can't pay in full, file something to avoid bigger headaches later.
00:47Oh, and for folks in disaster-declared areas, like parts of California or Kentucky, you might have extra time to file.
00:53Check the IRS site for specific deadlines.
00:56One more thing.
00:57If you haven't claimed your 2021 refund yet, this is your last chance.
01:02Unclaimed refunds from pandemic-related tax credits could mean money in your pocket, but only if you act by April 15th.
01:08Bottom line?
01:10Don't let the clock freak you out.
01:12Take a deep breath, prioritize what's urgent, and get it done.
01:15You've got this.
01:16Call to action.
01:17Need more details?
01:18Visit irs.gov for tools, forms, and payment options.
01:22Good luck.
01:23Thanks for stopping by today, Hot Reels.
01:24If you enjoyed this video, don't forget to hit the subscribe button and give it a like.
01:29Your support helps us bring you more amazing content.
01:32Please stay connected with us on Facebook, Instagram, TikTok, X, Pinterest, and threads for the latest updates and trending reels.
01:39Subscribe now and be part of the fun.
01:41See you next time, okay?

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