This is because you will either delay receiving a refund if you’re getting one, or you could end up paying penalties and fees if you owe tax and didn’t pay on time. For the majority of people, it makes more sense to just file your taxes on time. You may want to file a tax deadline extension for a number of reasons. You should check with your state to be sure, though. Most states give you an automatic 6-month extension if you do not file your taxes on time. When you file your federal extension you typically do not have to file anything else with your state. This serves as an incentive for people to still file sooner rather than later. Here’s a tax refund schedule to give you an idea of when to expect your refund after you’ve filed. It’s also important to note that the income tax refund schedule remains unchanged. If you mail in your return, it must be postmarked on or before April 17, 2023, or sooner. Taxpayers should pay their federal income tax due by April 17, 2023, to avoid interest and penalties.
#WHEN ARE TAXES DUE IN 2021 SOFTWARE#
If you need even more time to complete your 2022 federal returns you can request an extension to by filing Form 4868 through your tax professional, tax software or using the Free File link on IRS.gov. Filing Form 4868 gives taxpayers until October 16th, 2023 to file their 2022 tax return but does not grant an extension of time to pay taxes due. So the deadline for every state, once your extension is filed, will be October 16, 2023, to file your 2022 state taxes. State tax extensions happen automatically and you get the same 6-months you would get from your federal return to file your state taxes. 2023 State Income Tax Deadlines (for 2022 Tax Returns) This typically does not change, although in 2021 when the tax deadline was automatically extended by an additional month due to COVID-19, five states ended up allowing even later tax filing deadlines.įind your state government’s tax agency website on the Federation of Tax Administrators’ list to learn more. States typically have the same tax deadline as the federal government. State Tax Deadlines and Extensions for 2023 If you’ve already maxed out your contribution for the previous tax year, you can contribute toward the next tax year, for which the limit is also currently $6,000. The IRA contribution limit is $6,000, or $7,000 if you are 50 or older. You still only have until mid-April to contribute to your IRA account for the previous year. The deadline to contribute to an IRA isn’t extended if you extend your filing date for your tax return. There is no benefit to filing an extension if you’re looking to save for retirement through an IRA. This is only recommended if you expect to receive a refund because owed amounts that are filed late will incur penalties and fees by the IRS. Once the proper paperwork is submitted then you automatically receive six more months to file your tax return. A tax deadline extension applies to all filers, including individuals, businesses, trusts, estates, and more.
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