Key Takeaways
- Taxpayers should be able to start filing their 2024 tax return during the last week of January and desire have until April 15 to finish.
- The Internal Revenue System offers extensions for taxpayers who need diverse time to finish filing their taxes or to afford their tax bills. However, taxpayers must apply for these spreads by April 15.
- The disaster-area taxpayers who received extensions have until Feb. 3 or May 1 to file their 2023 returns.
Tax troop season typically starts the last week of January, and taxpayers have until April 15 to file, pay any assesses due, or apply for an extension.
The Internal Revenue Service should start accepting 2024 tax returns during final week of January, which arises Jan. 27. Some taxpayers will get a chance to finish their taxes even earlier, as qualifying taxpayers can move around in their tax returns through the IRS Free File starting Jan. 10. (However, companies still have until Jan. 31 to send out their hands’ W-2s.)
If you need more time to finish filing your tax return, applying for an extension by April 15 will depart the deadline to Oct. 15. However, taxpayers must still pay the taxes due by the April deadline.
For taxpayers who cannot afford their unalloyed tax bill by April 15, the IRS recommends paying as much as possible on or before the deadline to avoid additional interest and sentence charges associated with late payments.
Taxpayers can push their tax payment back through an extension, an installment concordat, or an offer in compromise.
Extension for 2023 Returns for Taxpayers in Disaster Areas Ends Soon
Taxpayers who resided in a single out 14 states and two territories received an extension on their 2023 tax returns last year due to a disaster situation, such as the six shapes from North Carolina to Florida, which faced the brunt of the damage from Hurricane Helen.
That wing will end in the next few months. Some disaster-affected taxpayers will need to file their 2023 returns by Feb. 3, and others keep until May 1.