Don't Forget the New Federal Tax Deadline This Year

Image of article titled Don't forget the new federal tax deadline this year Photo: Tama2u (Shutterstock)

According to a recent Empower poll, only 44% of Americans know when the deadline is to file your 2022 taxes, so let me set the record straight : Tax day is April 18 this year, if you are a procrastinator, 2023 gives you a three day reprieve.

The deadline is April 18 instead of the usual April 15, because the 15th falls on a Saturday and that Monday is Emancipation Day, a holiday celebrated in Washington DC to commemorate the end of slavery in the neighborhood. You also have three extra days to contribute to your IRA, Roth IRA, SEP IRA, Health Savings Account (HSA), and 401(k) for the 2022 tax year as well, and April 18 is also the deadline. to file any extensions for your 2022 taxes.

Disaster Extensions for the 2022 Federal Income Tax Return

If you live in an area hard hit by natural disasters, you may have even more time to file your federal taxes. Taxpayers in most of California and parts of Alabama and Georgia have until October 16, 2023 to file their 2022 taxes. This covers personal income tax returns, various business returns that are normally due March 15 and April 18, and tax-exempt organization returns are normally due May 15. The extended filing deadlines also mean that eligible taxpayers will also have until October 16. make contributions in 2022 to their IRAs and health savings accounts.

If you are unsure if you are in a disaster area (it does not cover entire states, only parts of them), see the relief disaster tax from the IRS. to view it, or call 866-562-5227 between 7 a.m. and 10 p.m. in your local time zone.

You do not need to produce documents if you live in an affected area. The IRS has already identified you and the deferral will be applied automatically.

What to do if you can't file your taxes on time

If you still cannot meet the deadline for filing your taxes for any reason, you can file an IRS Form 4868 to extend the due date and you save the cost of delays. file fines. But keep in mind that your taxes are still due on April 18th. The IRS therefore expects you to pay at least 80% of your estimated tax bill by that date.

  Technology   Apr 13, 2023   0   24  Add to Reading List
Don't Forget the New Federal Tax Deadline This Year
Image of article titled Don't forget the new federal tax deadline this year Photo: Tama2u (Shutterstock)

According to a recent Empower poll, only 44% of Americans know when the deadline is to file your 2022 taxes, so let me set the record straight : Tax day is April 18 this year, if you are a procrastinator, 2023 gives you a three day reprieve.

The deadline is April 18 instead of the usual April 15, because the 15th falls on a Saturday and that Monday is Emancipation Day, a holiday celebrated in Washington DC to commemorate the end of slavery in the neighborhood. You also have three extra days to contribute to your IRA, Roth IRA, SEP IRA, Health Savings Account (HSA), and 401(k) for the 2022 tax year as well, and April 18 is also the deadline. to file any extensions for your 2022 taxes.

Disaster Extensions for the 2022 Federal Income Tax Return

If you live in an area hard hit by natural disasters, you may have even more time to file your federal taxes. Taxpayers in most of California and parts of Alabama and Georgia have until October 16, 2023 to file their 2022 taxes. This covers personal income tax returns, various business returns that are normally due March 15 and April 18, and tax-exempt organization returns are normally due May 15. The extended filing deadlines also mean that eligible taxpayers will also have until October 16. make contributions in 2022 to their IRAs and health savings accounts.

If you are unsure if you are in a disaster area (it does not cover entire states, only parts of them), see the relief disaster tax from the IRS. to view it, or call 866-562-5227 between 7 a.m. and 10 p.m. in your local time zone.

You do not need to produce documents if you live in an affected area. The IRS has already identified you and the deferral will be applied automatically.

What to do if you can't file your taxes on time

If you still cannot meet the deadline for filing your taxes for any reason, you can file an IRS Form 4868 to extend the due date and you save the cost of delays. file fines. But keep in mind that your taxes are still due on April 18th. The IRS therefore expects you to pay at least 80% of your estimated tax bill by that date.

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