2023 Tax Deadlines You Should Be Adding to Your Calendar
Every year, the IRS establishes filing deadlines for federal taxes, as well as deadlines for any state, local, or other taxes that may be required. There are dates by which individuals and businesses must submit their tax returns for the tax year.
It is important to note that failure to file or pay taxes by the established deadlines may result in penalties and interest charges. Therefore, it is imperative to stay up to date with all applicable tax deadlines. Here are some 2023 dates you should keep in mind.
1) January 17, 2023: Final Estimated Tax Due Date for the Tax Year
January 17, 2023, is the final estimated tax due date for the tax year of 2023. This means that any estimated taxes owed for the previous year should be paid by this date in order to avoid any penalties or fines.
It is important to plan ahead and make sure that you are accounting for any and all applicable tax payments in advance in order to avoid any issues and ensure the timely filing of taxes.
2) January 23, 2023: IRS Begins Accepting 2022 Tax Returns
On this day, the Internal Revenue Service (IRS) will begin accepting tax returns for the 2022 tax year. Taxpayers should make sure they file their taxes on time to avoid any penalties or fees associated with late filing.
Additionally, taxpayers should make sure to have all of their financial records in order before submitting their tax returns, as the IRS may require additional evidence of income or expense before it will process the return. With the 2022 tax season quickly approaching, now is the time to start preparing for filing taxes.
3) April 18, 2023: Due Date for 2022 Tax Returns, and First Estimated Tax Payment for 2023
This date is important for taxpayers to keep in mind to ensure that they are meeting their obligations and filing their taxes on time. Additionally, this is the deadline for estimated tax payments, so taxpayers should make sure to make their payments on time in order for their taxes to be processed correctly.
4) June 15, 2023: Due Date for Second Estimated Tax Payment for 2023
June 15, 2023 is the due date for the second estimated tax payment for 2023. This payment is part of the estimated tax payments for the year.
These payments are due quarterly and must be completed in order to avoid any penalties or interest. It is important to plan ahead and make sure that these payments are made on time. To make things easier, these payments can be made online or via mail.
5) September 15, 2023: Due Date for Third Estimated Tax Payment for 2023
September 15, 2023 is the deadline for the third estimated tax payment for the year 2023. This payment is the third of four payments that are due throughout the year, and it is calculated based on the total amount of taxes that are expected to be owed for the year. It is important to make sure this payment is made on time in order to avoid any penalties or interest charges.
Taxpayers should make sure to start planning ahead for this payment and make sure to have enough money set aside to cover the estimated payment.
6) October 16, 2023: Last Day to File Your 2022 Tax Return With an Extension
October 16, 2023 is the last day to file your 2022 tax return with an extension. This means that you will have an extra six months to complete and file your 2022 tax return. It is important to note that the extension does not give you extra time to pay any taxes due.
Conclusion
Taxpayers should ensure that they are aware of all important dates related to filing taxes and making payments. It is important to plan ahead and make sure to have enough money set aside to cover any estimated payments.
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