The clock is ticking: there is almost a week left until tax day.
If you haven’t filed your return yet, you’re not alone.
The Internal Revenue Service said it had received 90 million returns as of March 30. In total, the IRS said more than 168 million personal tax returns are expected to be filed this year “with the vast majority of those arriving before the April 18 tax deadline.”
If your return contains no errors or red flags, your refund should be issued within 21 days if you file electronically and choose to deposit the money directly into your bank account, the IRS said.
But if you’re struggling to complete your tax return before April 18, you should file an extension immediately before it is too late.
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2023 Federal Tax Deadline
Taxes are due by April 18 since April 15 falls on a Saturday and Emancipation Day, a holiday observed in Washington, DC, is April 17.
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Are you ready to file your taxes? :Here’s everything you need to know to file your taxes in 2023.
Q1 estimates taxes due
If you earn income that is not subject to withholding taxes, you are generally required to make estimated tax payments to the IRS. You can do this on a quarterly basis or via an annualized estimate. The annualized estimate or first quarter estimate is due April 18, unless you live in an area where the IRS has extended the deadline.
Quarterly tax deadlines
Here are the other quarterly payment due dates for 2023:
- Second installment: June 15.
- Third payment: September 15.
- Fourth installment: January 16, 2024.
Deadline for filing tax returns that received extensions
If you request an extension, you will have until October 16 to file your return. Above all, it does not give you more time to pay your taxes. You’ll still have to pay any amount owing to avoid penalties, but you’ll have more time to complete your tax forms.
FAQ on tax extensions:How to deposit one and many
1099, W-4, W-2, W-9, 1040:What are these forms used for when filing your taxes?
Arkansas Tax Deadline
If you live or own a business in a Arkansas area which was affected by last month’s deadly tornadoes and severe storms, you will have until July 31 to file your taxes.
Alabama Tax Extension
If you live in areas of Alabama affected by recent storms and natural disasters, you will have until October 16 to file your federal personal and business income tax returns.
When is the California tax deadline?
If you live in areas of California affected by recent severe winter storms, flooding and other natural disasters, you will have until October 16 to file your personal and business federal taxes. The IRS initially extended the deadline to May 15.
Georgia tax filing deadline 2023
If you live in a Georgia region which has been affected by recent natural disasters, you will have until October 16 to file your federal personal and business income tax returns. The IRS initially extended the deadline to May 15.
Mississippi Tax Extension
The IRS has extended the date that taxes are due for people who live in cparts of Mississippi affected by recent storms until July 31.
New York Tax Deadline
If you live or have a business in parts of new york who were affected by the severe winter storm late last year, you will have until May 15 to file your federal personal and business income tax returns.
Tennessee tax deadline extended
The IRS has extended the deadline until July for parts of Tennessee affected by recent storms.
When are 1099 taxes due?
If you are a freelancer, independent contractor, or earn income from other sources outside of traditional employment, you should have received a 1099 tax form by February 15. The same goes for people who won at least $600 in prizes last year. .
Entities that submitted 1099 tax forms were required to send a copy to the IRS by March 31.
Deadline for Employers to Send W-2s to Employees
Your employer must have sent you a W-2 by January 31.
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More answers to your questions about the 2022 tax season
Elisabeth Buchwald is personal finance and markets correspondent for USA TODAY. You can FFollow her on Twitter @BuchElisabeth and sign up for our Daily Money newsletter here