Are you wondering when you need to start gathering your tax documents and file your taxes for the upcoming tax season? It’s important to be prepared and stay on top of the deadlines. In this article, we will provide you with all the information you need to navigate the 2024 tax season.
Start Filing Your Tax Return Now
The official start of the 2024 tax season was on January 29th. This means that the IRS is now accepting and processing tax returns. If you want to get an early start on submitting your taxes, you can do so.
You are viewing: When Can You File Taxes in 2024?
One important thing to note is that employers are required to send their employees their W-2 and 1099 income tax forms by the end of January. If you haven’t received yours yet, make sure to check your mailbox and reach out to your company’s HR or payroll department.
Federal Tax Filing Deadline
Read more : How to Decode “Maybe” from a Woman
For most taxpayers, the deadline to file federal tax returns is Monday, April 15, 2024. However, if you live in Maine or Massachusetts, you have until Wednesday, April 17, 2024, to file due to the Patriot’s Day and Emancipation Day holidays. It’s important to keep these dates in mind and ensure that you file your taxes on time.
In certain situations, you may have additional time to file your taxes. If you live in a federally declared disaster area, such as parts of Connecticut and Rhode Island this year, you may be granted an extension. Additionally, if you’re serving abroad in the military, you may also qualify for additional time to file.
Tax Extension Deadline
If you need more time to complete your paperwork, you can file for a tax extension with the IRS. The deadline to file a tax extension is also April 15, 2024. However, it’s important to note that a tax extension does not change the payment deadline. You still need to pay any estimated amount you owe by April 15 to avoid late penalties. The tax extension simply gives you until October to complete the necessary paperwork.
State Tax Filing Deadlines
Read more : Embracing the Diversity of Sorority Women: Breaking Stereotypes and Celebrating Contributions
When it comes to filing state taxes, most states adhere to the federal filing deadline of April 15. However, there are some exceptions. States like Delaware, Iowa, Louisiana, and Virginia have different deadlines. It’s important to check with your state’s Department of Revenue for the most up-to-date information regarding state tax filing deadlines. In most cases, you can request an automatic filing extension for your state, but any outstanding payments must still be made by the original deadline.
Refund Expectations
If you’re due a refund and file your taxes electronically, you can expect to receive your refund within 21 days. However, this timeline is applicable if you choose direct deposit and there are no issues with your return.
For those who claimed the earned income tax credit or additional child tax credit, the IRS must wait until at least mid-February to issue refunds by law. According to the IRS, these payments should be received by February 27, 2024, for taxpayers who use direct deposit and have no other issues.
That’s all the essential information for filing your taxes in 2024. Remember to stay organized, gather all the necessary documents, and file your taxes on time. If you need further assistance, consider using reliable tax-prep software to streamline the process and maximize your returns. Happy filing!
Source: https://t-tees.com
Category: Blog
