Current:Home > FinanceWhen does tax season end in 2024? Here's when you should have your taxes filed this year. -QuantumProfit Labs
When does tax season end in 2024? Here's when you should have your taxes filed this year.
View
Date:2025-04-13 17:37:44
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! (93)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Target is pulling back on self-checkout, limiting service to people with 10 items or fewer
- State Medicaid offices target dead people’s homes to recoup their health care costs
- America is getting green and giddy for its largest St. Patrick’s Day parades
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Jimmy Garoppolo signs one-year contract with Los Angeles Rams, per reports
- Texas teens need parental consent for birth control, court rules against fed regulations
- Traveling in a Car with Kids? Here Are the Essentials to Make It a Stress-Free Trip
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- University of Maryland lifts suspension on most fraternities and sororities amid hazing probe
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- 7 Alaska Airlines passengers sue over mid-air blowout, claiming serious emotional distress
- Meteorologists say this year’s warm winter provided key ingredient for Midwest killer tornadoes
- Steelers trade QB Kenny Pickett to Eagles, clearing way for Russell Wilson to start, per reports
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Long recovery ahead for some in path of deadly tornados in central U.S.
- David Viviano, a conservative Michigan Supreme Court justice, won’t seek reelection
- Eva Mendes Thanks Ryan Gosling For “Holding Down the Fort” While She Conquers Milan Fashion Week
Recommendation
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
TikTok creators warn of economic impact if app sees ban, call it a vital space for the marginalized
A fourth Albuquerque, New Mexico, police officer has resigned amid probe of unit
Bears trade Justin Fields to Steelers, clear way to take a QB such as Caleb Williams with No. 1 pick
Sonya Massey's father decries possible release of former deputy charged with her death
Cara Delevingne's LA home, featured in Architectural Digest tour, consumed by 'heavy' fire
Energy Department conditionally approves $2.26 billion loan for huge lithium mine in Nevada
Bradley Cooper and Gigi Hadid Seal Their Romance With a Kiss in New PDA Photo