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Tax Day is today!(Photo: Nigel Carse, Getty Images/iStockphoto)
1. It's tax day
If you filed, you're off the hook. If you haven't, here's how to ask for an extension. With extensions, there is good news and there is bad news. The good news: Every American taxpayer is eligible for an automatic extension if they ask. The bad news: That extension is only for the paperwork itself, and not any tax payments due to the Internal Revenue Service. Need more encouragement? Think of the Obamas. They paid $93,362 in federal taxes this year, their return shows. And then there are professional athletes, who have to pay taxes in multiple states. "I had a guy who played for four teams in 2014," accountant K. Sean Packard says. "That return was nuts."
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOW2015 Tax Tips: How to file for an extension | 00:28Personal finance reporter Hadley Malcolm explains how you can file for an extension if you need more time to file your taxes. Paulo Fugen
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOW2015 Tax Tips: IRS phone scams | 00:55USA TODAY's John Waggoner explains why a phone call from the IRS during tax time is a complete scam. Paulo Fugen
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOW2015 Tax Tips: Bigger refund or bigger paycheck | 00:37Personal finance reporter Hadley Malcolm explains what may be best for you this tax season: skip a big refund to get a bigger paycheck. Paulo Fugen, Steve Elfers, Shannon Rae Green
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOW2015 Tax Tips: Tax breaks for selling your house | 00:35USA TODAY's John Waggoner explains how you can a gain big tax break from selling your house. Paulo Fugen
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOW2015 Tax Tips: Tax breaks for having a baby | 00:22Personal finance reporter Hadley Malcolm explains how parents can reduce their taxable income by nearly $4,000. Paulo Fugen
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOW2015 Tax Tips: How to avoid an audit | 00:42USA TODAY's John Waggoner explains how you can easily avoid audits and a letter or two from the IRS. Paulo Fugen
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOW2015 Tax Tips: Breaks for job relocation | 00:27Personal finance reporter Hadley Malcolm explains how to deduct expenses if you were not reimbursed for a job relocation over 50 miles. Paulo Fugen
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOW2015 Tax Tips: Tax deductions for accidents | 00:53USA TODAY's John Waggoner explains how you can get tax breaks if you've got into a serious accident. Paulo Fugen, Steve Elfers
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOW2015 Tax Tips: Millennials should consider Roth | 00:26Personal finance reporter Hadley Malcolm explains why millennials may prefer to make a Roth contribution to their 401k. Paulo Fugen, Steve Elfers, Shannon Rae Green
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOW2015 Tax Tips: Use the Saver's credit | 00:25Personal finance reporter Hadley Malcolm explains how to take advantage of the IRS helping taxpayers save for retirement. Paulo Fugen
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOW2015 Tax Tips- Social Security benefits get taxed | 01:02USA TODAY’s John Waggoner explains how your Social Security benefits can get taxed, and how the rates differ for people who earn different incomes. Paulo Fugen
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOW2015 Tax Tips: Make larger contribution to 401k | 00:24Personal finance reporter Hadley Malcolm explains why you should consider making a larger contribution to your 401k this tax season. Steve Elfers, Shannon Rae Green
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOW2015 Tax Tips: Investment tax tips | 00:54USA TODAY's John Waggoner explains how you can reduce taxes on your investment portfolio. Paulo Fugen
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOWThe best last minute deductibles for your return | 01:20Time is ticking away until the April 15th tax deadline. If you're still scrambling to complete your return, you may want to keep in mind some last minute deductions. Newslook
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOWFiling taxes late will cost you | 01:53Learn the difference between the penalties for filing late versus paying late, and other options for getting extensions on your taxes. Paulo Fugen
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOWHow to spend your tax return wisely | 02:30USA TODAY’s Charisse Jones talks with Financial Planning Association President Ed Gjertsen about how to best spend any money coming back from Uncle Sam.
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOWShould you wait for your tax refund? | 01:27Americans can choose to receive their tax refunds when the IRS sends them or get instant refunds from third parties.
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IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOW2015 Tax Tips: Get a tax break for student loans | 00:30Personal finance reporter Hadley Malcolm explains how millennials can catch a break for student loans this tax season. Paulo Fugen
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOWDon't Miss out on these deductions when filing your taxes | 02:47Don't overlook potential deductions this tax season like missing items that carry over from a prior year or net gambling losses, said Greg Rosica, Tax Partner at Ernst & Young. Rosica added that the Form 1040 filing deadline is Wednesday, April 15th The Street
IT'S TAX TIME! HERE'S WHAT YOU NEED TO KNOWYour top tax questions answered | 02:14Hadley Malcolm has the answers to the most commonly asked questions around tax time. USA TODAY
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2. Chicago city council set to approve reparations to police torture victims
Chicago's city council is expected to approve a deal Wednesday to provide a sweeping package of reparations to victims of a notorious Chicago police commander who for decades ran a torture ring against suspects. Police officers under Chicago police commander Jon Burge used electrical shocks, burnings and mock executions to elicit confessions from suspects, mostly African-American, from the early 1970s through the early 1990s. As part of the reparations, the council will formally apologize, create a permanent memorial recognizing the victims and teach public school students about the Burge case in their 8th- and 10th-grade history classes.
Former Chicago Police Department commander Jon Burge was released from custody in Tampa in 2008.<span style="color: Red;">*</span>(Photo: Steve Nesius, AP)
3. Boston remembers second anniversary of marathon bombing
Boston will mark the second anniversary of the 2013 marathon bombings Wednesday with a subdued remembrance that includes a moment of silence, the pealing of church bells and a call for kindness. Mayor Marty Walsh and other officials will raise commemorative banners on Boylston Street early Wednesday. A moment of silence follows at 2:49 p.m., marking the time the first of two bombs exploded near the finish line April 15, 2013. Church bells will then ring throughout the city. Walsh has also declared April 15 "One Boston Day," a new tradition meant to honor the city's resilience and spread goodwill. Jurors in the trial of marathon bomber Dzhokhar Tsarnaev, meanwhile, have been warned to avoid anniversary events and this year's race. The Boston Marathon — one of the world's premiere running events — takes place April 20; the penalty phase in Tsarnaev's trial begins the next day.
4. Indiana votes on drug testing for its welfare program
A final vote in Indiana on Wednesday could add drug testing to the state's welfare program – a move sparked by the rapid spread of HIV in southern Indiana. The proposed amendment, if passed, would require recipients with a drug charge to take a test. If they fail a drug test, they would have an opportunity to receive counseling. But if they continue to fail drug screenings after counseling, they would be ineligible for welfare benefits for at least three months. Recipients would be responsible for the cost of counseling and positive drug tests.
Urine samples await a drug screening at St. Vincent Occupational Health.<span style="color: Red;">*</span>(Photo: Robert Scheer/The Star 2002 file photo)
5. Google expects to be hit with antitrust action by EU
After a five-year investigation, the European Union is issuing a formal complaint against Google on antitrust grounds. The EU is alleging the Internet search giant used its market dominance in to siphon off traffic from its competitors and direct it toward its own services. The charges could result in massive fines for Google and force significant changes to its business in Europe.
According to reports European regulators will file antitrust charges against Google, Wednesday.<span style="color: Red;">*</span>(Photo: Adam Berry, Getty Images)
And, the essentials:
Weather: Spring rains will again drench the southeastern U.S. on Wednesday, while cold and snow persists in the Western mountains.
Stocks: Investors eye slowing China GDP.
TV Tonight: Can't decide what to watch tonight? TV critic Robert Bianco looks at The Goldbergs and Lawrence of Arabia.
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Contributing: Associated Press
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