No matter if you've begun assembling the documents you need to file your taxes, or you're still waiting on a W-2, you need to know the due date. If you regularly file your taxes, you may recall that tax day typically falls on April 15. However, April 15, 2023 falls on a Saturda...
If you filed your federal return electronically and are due a refund,the IRS saysyou can generally expect it within 21 days. (Enrolling in direct depositwill help you get your money faster, too.) If there is an issue with your return or if you filed a paper return, it may take longer...
Another time a pro can help: Sometimes, owing a lot of taxes can result in an underpayment penalty. A tax pro can help you decide if you need to increase your tax withholding throughout the year (by filling out a new Form W-4) or pay quarterly estimated taxes for future years. On ...
For tax planning purposes, you can withhold federal taxes from your Social Security benefits. Check your state tax laws; some states tax Social Security income while others do not. You could reduce the amount you owe in taxes on your Social Security benefit through several strategies...
There’s another safe harbor, one that’s especially useful if you’re not sure how much you’re likely to owe in taxes for 2024: You can pay 100 percent of your 2023 tax bill (paid in a lump sum by the first deadline below, or spread out over four or more payments by the deadl...
Tax extensions should only be used when you need more time to prepare to file, not more time to pay. April 15, 2025 Plus 2024 State Income Tax Extensions Many states grant automatic tax extensions if you do not owe taxes. If you do owe taxes, in many cases, you can pay your state ...
Also, if you live outside the U.S. and Puerto Rico, you can get another four months, as long as you request that extra time by the new due date you were assigned with your original two-month extension.When are taxes due if I file an extension?
When you can't pay your income taxes on time, consider researching alternatives that will allow you to delay your payment due.
» MORE:How early can you start filing in 2025? When are taxes due in 2025? Federal income tax returns are due on Tuesday, April 15, 2025. Americans living abroad have until June 16, 2025, to file and pay. The IRS says the date and time in your time zone when your electronic ret...
When you file taxes in 2024, you're filing your 2023 taxes. Taxes are due by April 15, 2024.1 Can You Skip Tax Years? There are civil and criminal penalties for not filing taxes. You can lose your refund, pay fines in interest and late fees, or even be taken to court by the IRS ...