Today is tax day — traditionally a stressful time for legislators and citizens.
But this year’s state revenue shortfall, predicted to be around $790 million, gives N.C. legislators less to worry about than last year, when the deficit was $4.7 billion, said N.C. Rep. Hugh Holliman, D-Davidson.
Barry Boardman, chief economist for N.C. Fiscal Research Division, said last year’s forecasted shortfall was $3.2 billion. This means that the actual shortfall could be much higher than the $790 million that is currently being predicted.
Last minute tax tips
-Tax returns should be postmarked by today.
-E-file by visiting irs.gov/efile/index.html
-To get individual help on your federal tax return, call 1-800-829-1040. For help on state taxes, call 877-252-3052.
