Today is the final day to file timely returns for taxes. The Internal Revenue Service encouraged taxpayers to file electronically in an effort to reduce tax return errors. Also, for eligible taxpayers today is the final day to contribute to a Roth or traditional individual retirement arrangement for 2014 and a six percent tax applies if a taxpayer contributes more than the law allows.

Taxpayers can avoid a late-filing penalty by requesting an extension to file. One way to do this is by filling out Form 4868 at IRS.gov or by designating a payment as an extension payment, including Direct Pay. The extension gives taxpayers extra time to file, but tax payments are still due today.

For more information click here.