The Tax Day deadline for filing your 2023 federal tax return is approaching, with the last day being tomorrow unless you file for an extension. The standard deadline for Tax Day is April 15, 2024, but certain circumstances such as natural disasters or state holidays may grant some taxpayers extra time. It is essential to start working on your taxes now to avoid any penalties or late fees. Employers are required to provide W-2 and 1099 forms to their employees by the end of January, so if you haven’t received yours, make sure to follow up with your company’s HR or payroll department.
The 2024 tax season officially began on January 29, 2024, and the IRS has already processed over 66 million refunds. For those who prefer waiting until the last moment, the deadline to file federal tax returns is on Monday, April 15, 2024. Residents of Maine or Massachusetts have until April 17, 2024, due to holidays, while those in federally declared disaster areas may have additional time to file. Military personnel serving abroad may also be granted additional time to file. The deadline for filing a tax extension is also on April 15, but it is important to note that the extension does not change the payment deadline.
Regarding state tax deadlines, states such as Alaska, Florida, Nevada, and others do not collect income taxes, while the majority of states follow the federal filing deadline of April 15. Some states, like Delaware, Iowa, Louisiana, and Virginia, have different deadlines, so it’s crucial to check with your state’s Department of Revenue for the most up-to-date information. Taxpayers can request an automatic filing extension for their state taxes, but any outstanding payments must be made by the original deadline. Those filing electronically and opting for direct deposit can expect their refund within 21 days, while a paper check sent through the mail may take longer.
It is recommended to file your taxes electronically to receive your refund quicker and to avoid any delays. Some important deadlines to keep in mind include the tax extension deadline of April 15, 2024, along with the state tax deadlines that may vary by state. Make sure to double-check your W-2 and 1099 forms and reach out to your employer if you have not received them. By staying informed about the tax deadlines and requirements, you can ensure a smooth filing process and potentially receive your refund sooner. If you need more assistance with understanding taxes or filing your returns, consult with tax professionals or utilize tax software to streamline the process.
