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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
- Monthly Budget ReviewBased on the Monthly Treasury Statement for February and the Daily Treasury Statements for March […]
- Working Paper 2010-01: Does Doctors' Experience Matter in LASIK Surgeries?Juan M. Contreras, Beomsoo Kim, and Ignez M. Tristao […]
- A Review of CBO's Activities in 2009 Under the Unfunded Mandates Reform Act[…]
- Information on CBO's Cost Estimate for the President's Proposal to Settle Cobell v. SalazarLetter to the Honorable Doc Hastings […]
- S. 1703, A bill to amend the act of June 18, 1934, to reaffirm the authority of the Secretary of the Interior to take land into trust for Indian tribesCost estimate for the bill as ordered reported by the Senate Committee on Indian Affairs on December 17, 2009 […]
- Monthly Budget Review
Do You Need More Time to File Your Tax Return?
If you can’t meet the April deadline to file your tax return, you can get an automatic six month extension of time to file from the IRS.
Here are seven things you need to know about filing an extension:
Extra time to file An extension will give you extra time to get your paperwork to the IRS, but it does not extend the time you have to pay any tax due. You will owe interest on any amount not paid by the April 15 deadline, plus a late payment penalty if you have not paid at least 90 percent of your total tax by that date.
File on time even if you can’t pay If your return is completed but you are unable to pay the full amount of tax due, do not request an extension. File your return on time and pay as much as you can. The IRS will send you a bill or notice for the balance due.To apply online for a payment agreement, go to IRS.gov and click “Online Payment Agreement Application” at the left side of the home page under Online Services. If you are unable to make payments, call the IRS at 800-829-1040 to discuss your options.
Form to file Request an extension to file by submitting Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return to the IRS by April 15, 2010, or make an extension-related electronic credit card payment. For more information about extension-related credit card payments, see Form 4868.
E-file extension You can e-file an extension request using tax preparation software with your own computer or by going to a tax preparer who has the software. The IRS will acknowledge receipt of the extension request if you file by computer.
Traditional Free File and Free File Fillable Forms You can use both Free File options to file an extension. Access the Free File page at IRS.gov.
Electronic funds withdrawal If you ask for an extension via computer, you can also choose to pay any expected balance due by authorizing an electronic funds withdrawal from a checking or savings account. You will need the appropriate bank routing and account numbers.For information about these and other methods of payment, visit IRS.gov or call 800-TAX-1040 (800-829-1040).
How to get forms Form 4868 is available for download at IRS.gov or may be ordered by calling 1-800-TAX-FORM (800-829-3676).You can also obtain the form at your local IRS office. Telephone requests normally take 10 days to fill.