Tax Deadlines You Need to Know
While April 15 is the most well-known tax deadline, there are a few other important tax deadlines that individuals and businesses should be aware of. Here are a few key tax deadlines to keep in mind:
January 31: This is the deadline for businesses and self-employed individuals to provide their employees and independent contractors with their W-2 and 1099 forms. These forms are used to report income, taxes withheld, and other information to the IRS.
February 15: If you had taxes withheld from your paycheck but will not be able to file your tax return by the April 15 deadline, you can file for an extension using Form 4868. This will give you an additional six months to file your return.
April 15: As mentioned earlier, this is the deadline for most individuals to file their tax return. If you are unable to file by this date, you should file for an extension using Form 4868.
June 15: If you are a U.S. citizen or resident alien living abroad, you are given an automatic two-month extension to file your return. However, any taxes due must still be paid by April 15 to avoid interest and penalties.
September 15: If you have filed for an extension using Form 4868, this is the deadline to file your return. If you owe taxes and have not paid them by this date, you will be subject to interest and penalties.
October 15: If you are a U.S. citizen or resident alien living abroad who has requested an extension using Form 4868, this is the final deadline to file your return.
It’s also worth noting that there are different deadlines for businesses, including corporations and partnerships. These businesses typically have to file their returns by the 15th day of the third month after the end of their fiscal year.
In addition, there are also special deadlines for certain types of taxes, such as payroll taxes and sales taxes. These deadlines can vary depending on the specific tax and the jurisdiction in which you are filing.
It’s important to note that these deadlines are for Federal Taxes, and each state may have their own deadlines and forms to file.
In conclusion, while April 15 is the most well-known tax deadline, there are a few other important deadlines that individuals and businesses should be aware of. It’s important to keep track of these deadlines and to file your return or request an extension on time in order to avoid interest and penalties. It is always best to consult with a tax professional or visit the IRS website to get the most up-to-date information on tax deadlines.