704 Unfiltered18 Apr 2022

Last-minute tax tips: Monday, April 18

Millions of Americans wait until the last minute to file their taxes and this year is no exception.

Monday is Tax Day — the federal deadline for individual tax filing and payments — and the IRS will receive tens of millions of last-minute filings electronically and through paper forms.

As of April 8, the IRS had received more than 103 million returns for this tax season, and it had issued more than 63 million refunds worth more than $204 billion.

For comparison, last year more than 169 million people completed an income tax return by the end of the year. That probably leaves nearly 40% of this year's taxpayers still unaccounted for, with many scrambling to submit their documents by Monday.

Nina Tross at the National Society of Tax Professionals says if people haven’t filed their taxes by now, “they're better off filing an extension.”

READ MORE: https://www.wcnc.com/article/news/nation-world/tax-day-irs-extension/507-38af10ee-0df4-4d48-b83a-e907d876b913

There are thousands of hemp-based products sold across the state, but it could soon all become illegal.

Hemp products have been legal in the state since 2015 when lawmakers passed the Hemp Pilot Program bill. It removed the term hemp from the definition of marijuana under the state's Controlled Substance Act. However, in January, the state’s hemp farming laws expired. The state’s hemp exemption laws will also expire by June 30. State lawmakers are considering a medical marijuana bill but its narrow definition would not include hemp.

READ MORE: https://www.wcnc.com/article/news/local/hemp-based-products-could-become-illegal-in-north-carolina/83-e0602a87-1369-43ef-8d6d-52d8254be25e

Watch Wake Up Charlotte each weekday morning from 4:30 to 7 a.m. on WCNC Charlotte, and as always, join the conversation on social media using #WakeUpCLT!

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