Current:Home > MarketsWhen does tax season end in 2024? Here's when you should have your taxes filed this year. -PureWealth Academy
When does tax season end in 2024? Here's when you should have your taxes filed this year.
View
Date:2025-04-24 21:20:11
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! (12)
Related
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- MTV EMAs 2023 Winners: Taylor Swift, Jung Kook and More
- Another ex-player is alleging Blackhawks’ former video coach sexually assaulted him in 2009-10
- Russell Brand sued for alleged sexual assault in a bathroom on 'Arthur' set, reports say
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Bravo Bets It All on Erika Jayne Spinoff: All the Details
- Stock market today: Asian markets advance after Wall Street logs its best week in nearly a year
- In the Florida Everglades, a Greenhouse Gas Emissions Hotspot
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Megan Fox Addresses Complicated Relationships Ahead of Pretty Boys Are Poisonous: Poems Release
Ranking
- Former Danish minister for Greenland discusses Trump's push to acquire island
- ‘Doc’ Antle of Netflix’s ‘Tiger King’ pleads guilty to wildlife trafficking and money laundering
- New tent cities could pop up in NYC as mayor removes homeless migrants from shelters
- Hit-and-run which injured Stanford Arab-Muslim student investigated as possible hate crime
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Florida lawmakers to begin special session by expressing support of Israel
- Tyson recalls 30,000 pounds of chicken nuggets after consumers report finding metal pieces
- Horoscopes Today, November 4, 2023
Recommendation
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
New Zealand’s ex-Premier Jacinda Ardern will join conservation group to rally for environment action
Northeast China sees first major blizzard this season and forecasters warn of record snowfall
Bus crashes into building in Seattle's Belltown neighborhood, killing 1 and injuring 12
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
U.S. Secretary of State Antony Blinken meets with Palestinian Authority president during West Bank trip
Avengers Stuntman Taraja Ramsess Dead at 41 After Fatal Halloween Car Crash With His Kids
Shooting in Tacoma, Washington leaves 2 dead, 3 wounded, alleged shooter turns himself in: Police