If you file a calendar year return and your tax year ends on December 31, the deadline for filing your individual federal income tax return is generally April 15 of each year. Federal income tax returns were due on April 18 for most. However, some people have more time to apply, are you one of them?. Get internal access to our best tools and financial content At Bankrate, we take the accuracy of our content very seriously.
At Bankrate, we strive to help you make smarter financial decisions. While we respect strict editorial integrity, this publication may contain references to products from our partners. Here's an explanation of how we make money. Founded in 1976, Bankrate has a long history of helping people make smart financial decisions.
We've maintained this reputation for more than four decades by demystifying the financial decision-making process and giving people confidence in what actions to take next. Our bank reporters and editors focus on the things that matter most to consumers: the best banks, the latest rates, different types of accounts, tips for saving money, and more, so you can feel safe managing your money. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards to ensure that happens. Our editors and reporters thoroughly check editorial content to ensure that the information you are reading is accurate.
We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. Bankrate's editorial team writes on behalf of YOU, the reader. Our goal is to provide you with the best advice to help you make smart personal financial decisions.
We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team does not receive direct compensation from advertisers and our content is thoroughly checked to ensure accuracy. So, whether you're reading an article or a review, you can trust that you'll get credible and reliable information. Our experts have been helping you control your money for more than four decades.
We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life's financial journey. Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial team is objective, fact-based and not influenced by our advertisers.
Taxpayers are generally granted an automatic extension of six months to file the return, or two months if they are out of the country, in which case the extension also applies to the payment of taxes due. If you find yourself in the latter situation, in other words, you live outside the United States and Puerto Rico, you can get another four months, provided you apply for them before the new expiration date assigned to you with your original two-month extension. This way, if something goes wrong with your application, you'll have plenty of time to correct any errors and re-file them before the April 18 tax deadline. This also ensures that you have time to gather your documents before the extended October deadline.
The IRS website has all the forms, deadlines and information you'll need. Those who pay the estimated taxes have a slightly different filing schedule than others. People who pay estimated quarterly taxes include self-employed workers, as well as those who have similar jobs as employers or independent contractors. If your paycheck doesn't include income tax before the money arrives, then this requirement applies to you.
This is the standard schedule to follow, as long as nothing interferes. If you're an employee who earns tips, you must report all your monthly tip income to your employer by the 10th of the following month. Your employer is responsible for sending those numbers to the IRS, as well as for adjusting the amount of money that comes out of your paycheck to meet your tip withholding. With TurboTax, you can be sure that your taxes are done correctly, from simple to complex tax returns, no matter your situation.
When you file Form 4868, you must also pay the estimated income tax you owe to avoid penalties and interest, according to the IRS. Before coming to Kiplinger, he worked for Wolters Kluwer Tax %26 Accounting and Kleinrock Publishing, where he provided breaking news and guidance for public accountants, tax attorneys and other tax professionals. Most states synchronize the deadline for your income tax return with the due date for federal taxes, but there are some states that have different deadlines (e.g. The last day to file taxes for individual federal income tax returns is usually April 15, unless it's a Saturday, Sunday, or an official holiday.
Don't let the impending tax deadline force you to rush through the tax filing process and make a mistake on your return. If you also file taxes for your small business as an S corporation, the last day to file your tax return is March 15 or April 15 for corporations, unless this day falls on a weekend or an official holiday. If you miss your tax filing deadline and you owe money to the IRS, you should file your tax return as soon as possible. If the Federal Emergency Management Agency (FEMA) declares a disaster area after a natural disaster, the IRS generally offers tax breaks to disaster victims in the form of tax returns and payment extensions.
Capital Gains Tax Now is the time to review the capital gains tax rules you need to know to plan for the end of the year. You file your tax return and then realize that you forgot to report some income or apply for a certain tax credit. Unless you live in a state with no income taxes, don't forget that you'll probably have to file a state tax return as well. Residents of Maine (opens in a new tab) and Massachusetts (opens in a new tab) have an additional day this year, until April 19, to file their federal income tax return.
Rocky is a senior tax editor at Kiplinger with more than 20 years of experience covering federal and state tax developments. Depending on your taxable income, you may end up in one of seven different federal tax categories, each with its own marginal tax rate. . .
