Are you ready for taxes in 2023? When is the last day to file taxes? It’s time to mark your calendars for the federal tax filing deadline.
This video provides a brief overview of tax deadlines you might need to know. These deadlines could be different for self-employed people or farmers. Also, the deadlines for state taxes may be different from federal tax deadlines. It’s a good idea, if you are uncertain about your tax deadline schedule, to consult the IRS or a professional tax advisor. Avoid penalties and interest by filing on time and understand the importance of e-filing and direct deposit.
Tax Filing Dates for 2023
Are you ready for taxes in 2023? It is time again to mark your calendars for the tax filing deadline.
According to the IRS, for most taxpayers, Tuesday, April 18th 2023 is the deadline for filing 2022 tax returns, unless it is extended by a local state holiday. It is normally April 15th, but due to the Emancipation Day holiday observed in the District of Columbia, it’s later this year.
If you request an extension, you have until Monday, October 16th 2023 to file.
Planning for the nation’s filing season is a huge undertaking and IRS teams have been working to prepare. This year, they have been hiring additional staff to help taxpayers in person, an to fill customer representative positions. They remind taxpayers that there are important steps they could take to ensure that their refund and tax returns don’t get delayed.
The IRS usually starts accepting tax returns in late January. That gives taxpayers nearly three months to gather income statements, fill out a return, and pay outstanding taxes.
According to IRS officials, to avoid delays and snags, it’s important that the numbers on the return are correct and filled out completely.
Also, filing electronically with direct deposit is the best way to avoid delays, and speed up your refund.
It is important for taxpayers to be aware of the deadlines for filing their tax returns, as failure to file a tax return or pay taxes owed by the deadline can result in penalties and interest charges. The IRS also offers extensions of time to file for certain taxpayers who are unable to meet the regular filing deadline.
Money Instructor does not provide tax, legal or accounting advice. This material has been prepared for educational and informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your own situation.