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What Is New?
Economic Indicators
- Major Economic Indicators Latest NumbersConsumer Price Index (CPI): unchanged in Feb 2010 News Release Historical Data Unemployment Rate: 9.7% in Mar 2010 News Release Historical Data Payroll Employment: +162,000(p) in Mar 2010 News Release Historical Data Average Hourly Earnings: -$0.02(p) in Mar 2010 News Release Historical Data Producer Price Index (PPI): -0.6%(p) in Feb 2010 News Release Histo […]
- Major Economic Indicators Latest Numbers
Consumer News
- BBB Warns that iPad Scammers Are Already at WorkEven before the iPad was released to the public, scammers were busy devising ways to take advantage of early adopters. Better Business Bureau warns eager shoppers to stay away from offers to become a "tester" just to get a free iPad. Read more... […]
- BBB Warns that iPad Scammers Are Already at Work
Economic Analysis
- Personal Income and Outlays, February 2010Personal income increased $1.2 billion, or less than 0.1 percent, and disposable personal income (DPI) increased $1.6 billion, or less than 0.1 percent, in February, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $34.7 billion, or 0.3 percent. In January, personal income increased $30.4 billion, or 0.3 percent […]
- Personal Income and Outlays, February 2010
Budget Office
- Federal Budget Deficit Totals $714 Billion in the First Half of Fiscal Year 2010The federal government incurred a budget deficit of $714 billion in the first half of fiscal year 2010, CBO estimates in its latest monthly budget review, about $67 billion less than the shortfall recorded in the same period last year. That improvement stems largely from a net decline of $223 billion in outlays for the [...] […]
- Federal Budget Deficit Totals $714 Billion in the First Half of Fiscal Year 2010
Economic Outlook
- S. 2881, FCC Commissioners' Technical Resource Enhancement ActCost estimate for the bill as ordered reported by the Senate Committee on Commerce, Science, and Transportation on March 24, 2010 […]
- S. 2871, A bill to make technical corrections to the Western and Central Pacific Fisheries Convention Implementation Act, and for othe purposesCost estimate for the bill as ordered reported by the Senate Committee on Commerce, Science, and Transportation on March 24, 2010 […]
- S. 1252, Oceans and Human Health Reauthorization Act of 2010Cost estimate for the bill as ordered reported by the Senate Committee on Commerce, Science, and Transportation on March 24, 2010 […]
- H.R. 1258, Truth in Caller ID Act of 2010Cost estimate for the bill as ordered reported by the House Committee on Energy and Commerce on March 10, 2010 […]
- Monthly Budget ReviewBased on the Monthly Treasury Statement for February and the Daily Treasury Statements for March […]
- S. 2881, FCC Commissioners' Technical Resource Enhancement Act
10 Last Minute Filing Tips
With the tax filing deadline close at hand, the IRS offers 10 tips for those still working on their tax returns:
File Electronically Consider filing electronically instead of using paper tax forms. If you file electronically and choose to have your tax refund deposited directly into your bank account, you will have your money in as few as 10 days. Virtually everyone can prepare a return and electronically file it for free. For the second year, the IRS and its partners are offering the option of Free File Fillable Forms. Another option is Traditional Free File. About 98 million taxpayers – 70 percent of all taxpayers – are eligible for the IRS Traditional Free File.
Check the Identification Numbers When filing a paper return carefully check the identification numbers — usually Social Security numbers — for each person listed. This includes you, your spouse, dependents and persons listed in relation to claims for the Child and Dependent Care Credit or Earned Income Tax Credit. Missing, incorrect or illegible Social Security numbers can delay or reduce a tax refund.
Double-Check Your Figures If you are filing a paper return, you should double-check that you have correctly figured the refund or balance due.
Check the Tax Tables If you are filing using the Free File Fillable Forms or a paper return you should double-check that you have used the right figure from the tax table.
Sign your form You must sign and date your return. Both spouses must sign a joint return, even if only one had income. Anyone paid to prepare a return must also sign it.
Mailing Your Return Use the coded envelope included with your tax package to mail your return. If you did not receive an envelope, check the section called “Where Do You File?” in the tax instruction booklet.
Mailing a Payment People sending a payment should make the check out to “United States Treasury” and should enclose it with, but not attach it to the tax return or the Form 1040-V, Payment Voucher, if used. The check should include the Social Security number of the person listed first on the return, daytime phone number, the tax year and the type of form filed.
Electronic Payments Electronic payment options are convenient, safe and secure methods for paying taxes. You can authorize an electronic funds withdrawal, or use a credit or a debit card. For more information on electronic payment options, visit IRS.gov.
Extension to File By the April due date, you should either file a return or request an extension of time to file. Remember, the extension of time to file is not an extension of time to pay.
IRS.gov Forms and publications and helpful information on a variety of tax subjects are available around the clock at IRS.gov. You can also check the status of your refund after you file your return by clicking on Where’s My Refund?.