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It is Federal Tax Filing Deadline In the United States, the federal tax filing deadline falls on April 15th in the event that it occurs on a weekend or holiday. In those cases, the deadline is moved to the next business day. It is important to remember that the deadline is set for the filing of your tax return as well as paying any tax owed. If you submit your tax return after the deadline, you will face penalties and interest on the taxes due. Deadlines for filing State Taxes In addition to the deadline for filing federal tax returns Each state has its own tax filing deadline. Some states have the same date as federally, but other states have different deadlines. It's important to check with the tax office of your state to determine the precise deadline for your state. Making Taxes Filing Early While the tax filing deadline is April 15th, you can file your taxes by January 1st. Tax filing early offers several benefits. First, you will receive your tax refund faster if you are owed one. Additionally, you will have more time to plan for any taxes owed by filing early. Thirdly, you can avoid the stress of rushing to meet the tax filing deadline. Making a Tax Extension Application If you're in need of more time to prepare your tax return, you may file for a tax extension. An extension of tax time gives you the additional time to file taxes. However, you have to file for an extension before the deadline for filing tax returns which is the 15th of April. It's important to note that a tax extension gives you more time to file taxes, not additional time to pay any taxes owed. Consequences of Filing Late If you make your tax return due and are not timely, you'll be charged penalties and interest on any taxes due. Interest and penalties will continue to accumulate until you file tax returns and settle any tax owed. The penalty for filing late is usually 5% of the tax owed per month that is not paid, up to a maximum amount of 25 percent. This is why it is crucial to file your taxes on time or to file for an extension if you require additional time to complete taxes. Tax Filing for Self-Employed Persons Self-employed individuals have additional tax filing requirements, including monthly estimated tax payments. These estimated tax payments are due on the 15th of April, June 15th, September 15th and the 15th of January in the following year. Self-employed persons must also file a Schedule C on their tax returns, which includes their business income and expenses. In conclusion, understanding tax deadlines is vital to avoid penalties and interest on any taxes owed. It is also advantageous to file your tax return early so that you can receive your tax refund sooner and to allow more time to prepare for any tax due. If you need more time to complete the tax returns, file for an extension before the deadline to file your tax return. when can you file taxes? If you take the proper steps to file your tax returns in time, you'll be able to be sure of a hassle-free tax filing.