The holidays are over, the new year is in full swing, and before you know it, tax season is here.
If you applied early and are hoping for a big refund, you might want to start getting your paperwork in order. The Internal Revenue Service has not announced when it will begin accepting returns this year, but given recent developments, it is likely to be in January. In 2023, Processing and return acceptance began on January 23rd.
This year's tax return deadline is April 15th for the first time since 2019.
In 2020, the tax deadline was postponed to July 15 due to the coronavirus pandemic, and the 2021 tax deadline was also postponed to May 17 for the same reason. The deadline was April 18 in both 2022 and 2023, as Emancipation Day was being celebrated in Washington, D.C.
If you pay your taxes quarterly, the due dates are listed below.
January 1st – March 31st Payment period: April 15th
April 1st – May 31st Payment period: June 15th
June 1st – August 31st Payment period: September 15th
September 1st – December 31st Payment period: January 15th of the following year
Do you often feel overwhelmed when tax season approaches?
The IRS has many tips, tricks, and resources to make the process easier. For questions about who should file a tax return, the best filing status to use, and who can be claimed as a dependent, filers can interactive tax assistant On the IRS website.
Low- to moderate-income workers and their families may receive a larger refund than expected through the Earned Income Tax Credit.another online tools It can be used to determine eligibility and estimated credit amount.Additional resources can be found here.
