Current:Home > InvestWhen does tax season end in 2024? Here's when you should have your taxes filed this year. -ProfitLogic
When does tax season end in 2024? Here's when you should have your taxes filed this year.
View
Date:2025-04-25 23:46:29
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! (74)
Related
- Former longtime South Carolina congressman John Spratt dies at 82
- With student loan forgiveness in limbo, here's how the GOP wants to fix college debt
- Woman, 8 months pregnant, fatally shot in car at Seattle intersection
- Kim Zolciak Shares Message About Love and Consideration Amid Kroy Biermann Divorce
- Buckingham Palace staff under investigation for 'bar brawl'
- She was declared dead, but the funeral home found her breathing
- Home prices drop in some parts of U.S., but home-buying struggles continue
- The Truth Behind Paige DeSorbo and Craig Conover's Confusing AF Fight on Summer House
- North Carolina justices rule for restaurants in COVID
- Arctic Bogs Hold Another Global Warming Risk That Could Spiral Out of Control
Ranking
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- For these virus-hunting scientists, the 'real gold' is what's in a mosquito's abdomen
- News Round Up: FDA chocolate assessment, a powerful solar storm and fly pheromones
- Nathan Carman, man charged with killing mother in 2016 at sea, dies in New Hampshire while awaiting trial
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Another Cook Inlet Pipeline Feared to Be Vulnerable, As Gas Continues to Leak
- Selena Gomez Is Serving Up 2 New TV Series: All the Delicious Details
- Alfonso Ribeiro’s 4-Year-Old Daughter Undergoes Emergency Surgery After Scooter Accident
Recommendation
The White House is cracking down on overdraft fees
Frail people are left to die in prison as judges fail to act on a law to free them
Why Corkcicle Tumblers, To-Go Mugs, Wine Chillers & More Are Your BFF All Day
Some Starbucks workers say Pride Month decorations banned at stores, but the company says that's not true
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Fracking Well Spills Poorly Reported in Most Top-Producing States, Study Finds
Meet the self-proclaimed dummy who became a DIY home improvement star on social media
The Democrats Miss Another Chance to Actually Debate Their Positions on Climate Change