Taxes 2023: What’s the Deadline to File Taxes? When Can You File?

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Robert Rodriguez/CNET

2023 is well underway, which means tax season begins.

The IRS doesn’t officially accept returns until 2022, but it’s not too early to start collecting your tax returns.

This filing period is the first to benefit from the Tax Cuts Act, which was passed in August and provided the IRS with additional staff and resources.

“We’ve trained thousands of new employees to answer phones and help people,” Acting IRS Commissioner Doug O’Donnell said in a Jan. 12 announcement. “Although many jobs remain after several difficult years, we expect that people will experience improvements this tax season.”

Here are important dates for the 2022 tax season, including when federal and state taxes are due, the first time you can file income taxes, and when you can expect a refund.

To learn more about taxes, learn how set up an account on the IRS websiteand how to install files on your phone.

What is the deadline for filing 2022 taxes?

The IRS says it expects to receive more than 168 million tax refunds this year. The filing deadline for most Americans is Tuesday, April 18, 2023. This is because April 15th is a Saturday and the following April 17th is recognized as a holiday, Liberation Day, in Washington, DC.

According to the IRS, “under Washington, DC law, the holiday affects everyone’s tax period in the same way as a federal holiday.”

California residents affected by the storm have until May 15 to file their taxes.

If you are serving in the military overseas, including in a combat zone or in an operation that may be in support of the US Armed Forces, you may be given additional time to file your return.

When should the state tax be purchased?

Of the 41 states that levy income taxes, most are following the April 18 deadline. There are exceptions.

Nine states — Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — have no state income tax.

Check with your state revenue department for the latest information and deadlines.

What is the deadline if I file for an extension?

Taxpayers requesting an extension have until October 16, 2023, to file their 2022 tax returns.

Filing an extension does not delay the payment period, however. You still need to pay what you owe on time to avoid late penalties. An extension gives you more time to complete your return.

How can I file my taxes in 2022?

The IRS usually begins accepting and processing returns in late January. This year’s start date for all taxpayers is Monday, January 23rd.

Employers are required to provide employees with W-2 and 1099 income tax forms by January 31.

Should I file my taxes early?

If all your paperwork is in order and you’re getting a refund, it makes sense to file as soon as possible, says Joe Burhmann, senior financial planning consultant at eMoney Advisor. “From a planning standpoint, the IRS likes it.”

But if you’re in debt, you might want to wait a little longer.

“It gives you more time to hold onto your money,” Burhmann said. “And it gives you time to figure out how to pay for it — whether that means taking out a loan, putting it on a credit card or something else.”

Even if you don’t file right away, you should prepare your taxes as soon as possible.

“Knowledge is a good thing to have,” Burhmann said. “Make sure you get your 1099 and know what you’re going to do.”

When can I expect my refund?

Once the IRS begins accepting returns, the agency said taxpayers who file electronically and are due a refund can expect it within 21 days — if they choose direct deposit and there are no issues with their return. .

By law, the agency cannot issue refunds related to income tax credits or additional child credits before mid-February, to prevent refunds. fraudulent credit.

When is IRS Free File Available?

IRS Free File, a partnership between the IRS and a tax software company, will be available in January. The program allows taxpayers under certain income limits to file electronically for free, using software provided by participating providers. (Last year, the final salary was $72,000.)

Free filing usually begins before the official tax season begins, so affiliate companies hold completed returns until they are electronically filed with the IRS. .

For more taxes, find out about changes in the law that may affect your tax return and find out who Tax preparation software is the best.

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