Tax season starts January 29, 2024, and the federal tax return date is April 15, 2024, but it does not apply to everyone. There are various important dates for you to remember. Below, we will look into this tax season and tell you the deadline for filing and paying your taxes.
The IRS set the tax filing date, which is Jan 29. So, the agency will start accepting and processing your tax returns on the same day if you want to file yours early. If you want an early kickstart, you can enter all the information you have and submit your tax paperwork to a professional before the date.
If you are an employer, you must check your mailbox regularly. You should send your employees their W-2 and 1099 income tax forms before January ends.
When is the Deadline for Filing the 2023 Tax Return with the IRS?
Monday, April 15, 2024, is the deadline to file federal tax returns. You can get an extension from the IRS in case of a catastrophic event. Those serving abroad in the military also can get additional time to file.
What is the Deadline to File for a Tax Extention for Tax Returns 2024?
The deadline for filing a tax extension with the IRS is the same as that for filing tax returns. An extension does not change the payment deadline but gives you a few months extra (until October) to finish your paperwork. Then, you must file any owed amount on time to avoid late penalties.
Which States Have Later Tax Return Deadlines?
Some states do not collect income taxes. They are Alaska, Nevada, South Dakota, Florida, Tennessee, New Hampshire, Washington, Texas, and Wyoming. Other states do and adhere to the federal filing deadline of April 15. However, states like Virginia, Louisiana, Iowa, and Delaware are a few exceptions.
Other state residents with federal filing extensions should file their state returns by April 15, 2024. Taxpayers can request an automatic extension but must still make outstanding payments by the deadline.
When Can You Get Your Refund?
According to the IRS, taxpayers electronically filing their returns are due their refund within 21 days. It only applies to them if they opt for direct deposit and their tax returns have no issue.
According to the law, the IRS should issue refunds to taxpayers who claimed the earned income tax credit or additional child tax credit in mid-February. As per the agency, they should receive these payments by February 27, 2024.
If you need any further help or have any queries regarding tax filing in Los Angeles, contact Jarrar CPA & Associates ASAP!
FAQ
When do tax returns come in 2024?
The deadline to file your 2023 income tax return is April 15, 2024. However, Massachusetts and Maine are exceptions; their deadline is April 17. It is the federal due date; state taxes may have a different deadline.
When is the last day of tax return in 2024?
April 15 is the last day of the tax return, but you can request an extension and get until October 15 to file your taxes.
When do I get a tax refund?
You owe the IRS money if you miss the tax deadline and must pay penalties and interest. However, it is different if you miss it and the IRS owes you a refund. While there is no penalty, ensure filing your 2023 taxes by April 2027.