Local accountant weighs in on tax deductions you might be missin - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Local accountant weighs in on tax deductions you might be missing out on

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WAKE UP NORTHWEST - This morning, we had the chance to sit down with Christopher J. Porter, one of the partners at PorterKinney, PC in Richland. He tells us about some of the tax deductions young people might be missing out on by filing their own taxes, the paperwork you'll need and how to amend your taxes. 

Some more information on preparing to file your taxes this year:

  • Tax time is prime season for identity theft. The IRS says tax-related scams have gone up by 400% this year alone. The IRS says they will not make contact with taxpayers by email to request personal or financial information. This includes electronic communication, such as text messages and social media channels.
  • Also, the earlier you start collecting documents and figuring out how you're going to file your taxes, the better. Accountants get swamped as we get closer to the tax-filing deadline.
  • New this year, the penalty for not having health insurance in 2015, is more than last year. It's $325 per adult and $162 for kids.   
  • And good news for those who wait until the last minute to file. This year, the filing deadline is 3 days later than the generic April 15th deadline. Thanks to a federal holiday, you have until Monday April 18th.