For the United States, the federal tax filing deadline falls on April 15th unless it is a weekend day or a holiday. If that's the case the deadline will be moved to the next working day. It's important to note that the deadline is set for making your tax return and paying any tax due. If you file your tax return late, you will face penalties and penalties on any taxes due.
Alongside the federal tax filing deadline, each state has their individual tax filing date. Certain states have the exact deadline as the federal government, but others have later or earlier deadlines. It is important to contact your state's tax agency to determine the exact deadline for your state.
The tax deadline is April 15th, you can file your taxes beginning January 1st. Tax filing early offers numerous advantages. First, you will receive your tax refund sooner when you owe one. Second, you have more time to plan for any taxes owed if you file early. Thirdly, you can avoid the stress of trying to file your tax return by the deadline.
If you're in need of more time to prepare taxes, you can file for an extension on your tax return. An extension of tax time gives you the additional time to file your tax return. However, you must file for the extension by the deadline for filing tax returns which is the 15th of April. It's important to note that a tax extension gives you additional time to submit taxes, not additional time to pay any taxes due.
If you make your tax return due and are not timely, you'll be charged penalties as well as interest on taxes owed. The penalties and interest will accrue until you complete the tax return and then pay any tax that are due. The penalty for filing late is usually 5% of the tax owed per month that is not paid which can be increased to a maximum of%. It is therefore essential to file your taxes in time or file for an extension if you need more time to finish your tax return.
Self-employed persons have additional tax filing requirements, including monthly estimated tax payments. The estimated tax payments are due on the 15th of April, June 15th, September 15th and 15th January of the year following. Self-employed individuals must also file a Schedule C along with their tax return, which reports their business income and expenses.
In conclusion, knowing the deadlines for filing taxes is essential to avoid interest and penalties on any taxes owed. It is also advantageous to file your tax return early so that you can receive your tax refund quicker and have more time to prepare for any taxes owed. If you need more time to complete your tax return, file for an extension of tax filing by the deadline for filing taxes. when can you file taxes? By taking the proper steps to file your tax returns in time, you'll be able to ensure a stress-free tax season.