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Tuesday Is Tax Day

April 15, 2014, 7:15 AM by Stephanie Gregory

April 15th is tax day which means it's the official deadline to submit your federal income taxes. Penalties for filing tax returns late only apply to people who owe the government money.

The IRS says three out of four taxpayers get a refund from the government, so they don't face penalties. The IRS estimates $270 billion in revenue will be lost due to unreported income.

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