23 November 2023

2025 IRS Tax Deadlines Filing Calendar

23 November 2023

2025 IRS Tax Deadlines Filing Calendar

tax filing deadline

The official deadline to file your 2024 return will be April 15, the agency noted. normal balance This year, Direct File users can try a new chat bot to help guide them through the eligibility checker. Live chat will again be available in English and Spanish, and users can opt into additional authentication and verification, which will allow customer service representatives to provide more information. By law, tax preparers must give you a copy of the Consumer Bill of Rights Regarding Tax Preparers before beginning any discussions about tax preparation services. Don't forget to send a complete, signed copy of your Massachusetts tax return.

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tax filing deadline

If you are not eligible for Free File or Direct File, https://www.bookstime.com/articles/horizontal-analysis you can still e-file your return. You may even qualify for other free options to prepare and e-file your basic federal and state income tax returns. If you have any questions about the due date of your return, make sure to check with your state's revenue department.

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Direct File will walk you through each step of filing your federal return in under an hour, using simple questions and plain language. Many different factors can affect the timing of a refund after the IRS receives a return. Although the IRS issues most refunds in less than 21 days, the IRS cautions taxpayers not to rely on receiving a refund by a certain date, especially when making major purchases or paying bills. Some returns may require additional review and may take longer. The easiest way to check a refund's status is by using Where's My Refund? Taxpayers living in Maine or Massachusetts have until April 17, 2024, due to the Patriot's Day and Emancipation Day holidays.

When are state taxes due in 2025?

One applies to farmers and fishermen who did not make an estimated tax payment in January. One applies to S-Corporations and partnerships, and the other is for monthly tip reporting. You may also need to adhere to additional business tax dates throughout the year, such as quarterly payments. Check out our tax calendar for more information on important upcoming deadlines.

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  • One thing that you can’t forget are the due dates and deadlines for tax.
  • LOS ANGELES – Governor Newsom today announced that the California Franchise Tax Board (FTB) will provide state disaster tax relief for taxpayers and businesses affected by the recent wildfires in Los Angeles.
  • In fact, on the contrary, given all the advantages of an extension, one can argue that an extension can actually help reduce your audit risk.
  • The IRS often postpones the tax filing deadline for taxpayers who live in or have a business within a federally declared disaster area.
  • The easiest way to check a refund's status is by using Where's My Refund?
  • Your employer is responsible for sending those numbers to the IRS, as well as for adjusting how much money comes out of your paycheck to satisfy your tax withholding on tips.

Use this tax dates calendar to minimize your risk of accruing unnecessary penalties and interest costs. Most tax filers will receive their refund within 3-4 weeks after filing their return. If you are an S corporation or partnership that successfully filed for an extension, your tax return is now due. Regardless of whether you file electronically or using paper forms, Copy B of Form 1099-MISC must be sent to the payee by January 31, 2025. The fourth (and final) estimated quarterly tax payment for the previous tax year is due today. Tax filing deadlines can creep up on you, and there’s nothing more frustrating than having to pay a fine that could have been avoided.

The lowdown on refunds

Self-employed people must pay estimated taxes every quarter. The first payment for the 2024 tax year is due April 15, with other quarterly payments due June 16, Sept. Even if you file for an extension, you still have to pay any taxes owed by the original deadline.

When are business taxes due?

Besides, even if you have all your forms ready, what if you receive a Form K-1 or 1099 after you file? It happens a lot, and the earlier you file your return, the greater the risk you will receive corrected forms that may make you need to amend. Going on extension makes it less likely that you will be surprised by a tardy corrected Form K-1 or 1099. While the federal tax deadline is the same for every tax-paying citizen, the deadline to file state taxes varies by state. The late filing penalty is 5% of unpaid taxes every month. This means that even if you can’t afford your current tax liability, filing on time will still save you money on penalties.

tax filing deadline

  • Going on extension makes it less likely that you will be surprised by a tardy corrected Form K-1 or 1099.
  • This service is available to families with dependents who earned $93,000 and individuals or couples who earned $65,000 or less in 2023 and have business expenses of $250,000 or less.
  • If that falls on a holiday or weekend, it moves to the next business day.
  • Running a business involves so many things to do and remember.
  • Perhaps the best reason to extend is that going on extension encourages reflection.
  • Self-employed people must pay estimated taxes every quarter.
  • Before you file your next HUT return, check your filing frequency (how often you must file your highway use tax return) to see if you should be filing less often.

When you miss a tax filing deadline and owe money to the IRS, you should file your tax return as soon as possible. Every day your tax return is delinquent, the IRS typically charges interest, failure to file penalties and failure to pay penalties until you file your return and pay the balance due. However, it is unlikely that going on extension increases IRS audit risk. The IRS releases data about audit rates based on income levels and types of tax returns.

tax filing deadline

Taxpayers will continue to see helpful changes at the IRS following ongoing transformation work. WASHINGTON — The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation's 2024 tax season when the agency will begin accepting and processing 2023 tax returns. If there are debatable points on your return, such as whether a litigation recovery is ordinary or capital, take the time to get some how to file taxes for the first time at 18 professional advice.

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