When Are Taxes Due? Tax Deadlines and Dates for 2024

When can I file my taxes for 2024

Keep reading to learn what’s true — or false — about filing your 2023 taxes by April 15, 2024. And remember, everyone’s tax situation is different, so if you have questions or concerns about your individual tax filing, it’s always best to speak with a tax expert. Critics of Direct File in Congress and industry say the government is wasting money by replicating existing services like those from Intuit’s TurboTax, H&R Block and smaller tax preparers. There are far fewer questions than there are in TurboTax because Direct File only permits use by people who have simple tax returns. Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming don’t collect income taxes. Taxpayers who live or work outside of the U.S. are granted an automatic two-month extension from April to timely file.

  • Any tax you owe, or a good estimate of that amount, is due by the April deadline.
  • For example, a single taxpayer who has taxable income of $44,000 for 2023 will be taxed at a marginal tax rate of 12%.
  • April 1, 2024, is the deadline to take your 2023 required minimum distribution if you turned 73 in 2023.
  • TaxSlayer Simply Free does not work for those who need to claim dependent or who have a filing status of head of household, married filing separately, or qualifying widower.
  • From there, you’ll be guided through the process by the program, or if you choose File Myself, you’ll get sent to the partner site to complete your return on your own.

“Planning for the nation’s filing season process is a massive undertaking, and IRS teams have been working non-stop these past several months to prepare,” said IRS Commissioner Chuck Rettig. Taxpayers should prepare to file electronically and choose Direct Deposit for their tax refund – it’s the fastest and safest way to file and get a refund. Even when filing a paper return, choosing a direct deposit refund can save time. For those who do not have a bank account, the FDIC website offers information to help people open an account online.

Key information to help taxpayers

Whether you can take the credit for your electric vehicle purchase depends on your income, the price of the electric vehicle, and whether there was final assembly in North America. The maximum contribution limit for HSAs has increased to $3,850 for individuals and $7,750 for families. People 55 years old or older can make an extra $1,000 catch-up contribution. Traditional IRA and Roth contributions are up a bit from last year. Taxpayers can contribute up to $6,500 to an IRA, while those age 50 and older can make an additional $1,000 catch-up contribution.

Those who make under $66,000 qualify, and the service is also available in Spanish. You must have a valid copy of your Social Security card or taxpayer identification number to be eligible. Tax preparers can also help you file tax returns from tax years 2020 through 2022 if you’re behind. Taxpayers who make below a certain income can access free commercial tax software through the IRS Free File program, a collaboration between the IRS and the Free File Alliance.

What if you can’t pay the amount of tax owed?

Taxpayers living in Maine or Massachusetts have until April 17, 2024, due to the Patriot’s Day and Emancipation Day holidays. If a taxpayer lives in a federally declared disaster area, they also may have additional time to file. January 31, 2024, is the deadline tax season for your employer to send your W2 form, which contains the information you’ll need to file taxes. Certain 1099 forms, like 1099-NEC forms, must also be sent out by this date. So you may not receive your W2 or 1099 until later if it is sent by mail.

WASHINGTON — The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns. The IRS encourages people to use online resources before calling. The late-payment penalty is usually 0.5% per month of the outstanding tax not paid by the filing deadline, maxing out at 25%.

April 18 tax filing deadline for most

In those cases where IRS is able to correct the return without corresponding, the IRS will send an explanation to the taxpayer. Taxpayers should report the income they earned, including from part-time work, side jobs or the sale of goods. The American Rescue Plan Act of 2021 lowered the reporting threshold for third-party networks that process payments for those doing business. Prior to 2022, Form 1099-K was issued for third-party payment network transactions only if the total number of transactions exceeded 200 for the year and the aggregate amount of these transactions exceeded $20,000.

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