Current:Home > MarketsWhen does tax season end in 2024? Here's when you should have your taxes filed this year. -TradeCircle
When does tax season end in 2024? Here's when you should have your taxes filed this year.
View
Date:2025-04-18 14:32:44
Tax season is officially underway, and with the deadline to file still a few months away, now is the time to work ahead.
The deadline for companies to submit W-2 forms to employees was Jan. 31, and for the non-procrastinators, the IRS said it began accepting tax returns Jan. 29.
Although everyone has the same deadline to file taxes, there are a few reasons you may be able to request an extension.
Whether your taxes are fairly straightforward or extremely complicated this year, here's what to know about Tax Day and the federal deadline to file.
Tax Day 2024:Here are some tax deadlines to keep in mind
When does tax season end in 2024?
Tax Day typically falls on April 15 every year, but it can be delayed if the day falls on a weekend or a holiday. This year, April 15 is on a Monday.
If you don't expect to meet the April 15 deadline, you can request a six-month extension before Tax Day to avoid any penalties and interest.
The IRS says you may qualify for an extension and do not need to submit a request electronically or on paper if you live in certain disaster areas.
When is the deadline if I file an extension?
If you file an extension (which you'll need to do by April 15), you'll have until Tuesday, Oct. 15, 2024 to file taxes.
In years where Oct. 15 falls on a Saturday, Sunday, or legal holiday, the deadline will take place the next business day, the IRS states.
What happens if I miss the tax deadline?
If you forgot or missed the deadline for another reason, the standard penalty is 5% of any tax due for every month the return is late, up to 25% of the unpaid balance.
If you file a return but fail to pay any taxes you owe, or if you get an extension and don't pay (an extension to file is not an extension to pay, the IRS reminds you), you typically face a much smaller monthly penalty of 0.5% of any unpaid amount.
Does every state have to file taxes by April 15?
Some Americans have different tax deadlines than the standard April 15.
For example, individuals and businesses in parts of Tennessee affected by the severe storms and tornadoes in December have until June 17 to file their taxes.
Residents of Massachusetts and Maine have until April 17 to file federal taxes because of state holidays.
Individuals and businesses affected by Hamas' attacks in Israel now have until Oct. 7 to file their taxes.
Parts of other states, like Michigan, Connecticut, Rhode Island and Maine, have later deadlines to file. For a full list of disaster related tax relief, visit here.
How to request an extension for a tax return
You can request an extension through the IRS, which is free.
You'll need basic information, like your name, address, Social Security number, estimated tax liability, and payment if you owe anything.
Regardless of income, individual tax filers can use IRS Free File to request an extension electronically. If you prefer to mail a paper version of the extension, called form 4868, make sure it's postmarked no later than April 15.
If you request and extension, you'll have until Oct. 15 to file your return.
Contributing: Daniel de Visé, USA TODAY.
veryGood! (12572)
Related
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- 'The Boys' Season 4: Premiere date, cast, trailer, how to watch and stream
- Former Trump attorney in Wisconsin suspended from state judicial ethics panel
- Is Hunter Biden going to prison? What to know about the possible sentence after his conviction
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Paris Hilton Shares Insight Into Sofia Richie's New Chapter as a Mom
- Mega Millions winning numbers for June 11 drawing: Jackpot climbs to $47 million
- After baby's fentanyl poisoning at Divino Niño day care, 'justice for heinous crime'
- Stamford Road collision sends motorcyclist flying; driver arrested
- Traffic resumes through Baltimore’s busy port after $100M cleanup of collapsed bridge
Ranking
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Titan Sub Tragedy: Log of Passengers' Final Words That Surfaced Online Found to Be Fake
- With 1 out of 3 Californians on Medicaid, doctors push ballot measure to force state to pay more
- Juror on Hunter Biden trial says politics was not a factor in this case
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Special counsel David Weiss says Hunter Biden verdict about illegal choices, not addiction
- Horoscopes Today, June 11, 2024
- Travis Kelce Adorably Shakes Off Taylor Swift Question About Personal Date Night Activity
Recommendation
The company planning a successor to Concorde makes its first supersonic test
Do you regret that last purchase via social media? You're certainly not alone.
One of several South Dakota baseball players charged in rape case pleads guilty to lesser felony
Operations of the hotly contested East Coast natural gas pipeline can begin, regulators say
Meta releases AI model to enhance Metaverse experience
MLB farm systems ranked from worst to best by top prospects
Robert De Niro and Tiffany Chen Enjoy Rare Date Night at Tribeca Festival
Homeowners surprised to find their million-dollar house listed on Zillow for $10,000