Review Of Due Dates Tax Returns References
Top-Performing Keywords for Tax Returns
Before we dive into the ins and outs of due dates for tax returns, let's take a look at some of the top-performing keywords in this topic:
- tax return due date
- IRS tax deadlines
- late tax returns
- tax return extension
- tax filing deadline
- tax return calculator
- tax return estimator
- penalties for late tax returns
- tax return software
- tax return forms
Understanding Tax Return Due Dates
If you're like most people, the thought of filing your taxes probably doesn't fill you with joy. But it's a necessary task that needs to be completed in a timely and accurate manner. So, when are tax returns due? In general, the due date for federal income tax returns is April 15th of each year. However, if April 15th falls on a weekend or holiday, the due date is extended to the next business day.
Extensions and Late Filing
If you're unable to file your tax return by the April 15th deadline, you can request an extension. This will give you an additional six months to file your return, but keep in mind that you'll still need to pay any taxes owed by the original due date. If you miss the deadline without requesting an extension, you may be subject to penalties and interest on any taxes owed.
Penalties for Late Filing
If you do file your tax return late, you may be subject to penalties. The penalty for filing late is usually 5% of the unpaid taxes for each month or part of a month that the return is late, up to a maximum of 25% of the unpaid taxes. If you file your return more than 60 days late, the minimum penalty is the smaller of $135 or 100% of the unpaid tax. Ouch!
Tips for Avoiding Late Filing
Now that you understand the due dates and penalties associated with tax returns, how can you avoid filing your return late? Here are some tips:
Get Organized
The key to avoiding late filing is to stay organized throughout the year. Keep track of all your income and expenses, and make sure you have all the necessary paperwork and forms when it's time to file your return.
Use Tax Return Software
There are many tax return software programs available that can make the process of filing your return much easier. These programs will guide you through the process and help ensure that you don't miss any important deadlines or deductions.
File Early
Don't wait until the last minute to file your tax return. The earlier you file, the less likely you'll be to miss the deadline or make mistakes on your return.
The Bottom Line
While the thought of filing your tax return may not be pleasant, it's a necessary task that needs to be completed on time. Use the tips outlined in this article to help ensure that you file your return on time and avoid any penalties or interest.
Post a Comment for "Review Of Due Dates Tax Returns References"