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When Are Tax Return Dates for 2023?
Introduction
If you're like most people, the thought of doing your taxes is probably not your idea of a good time. However, staying on top of your tax return dates is crucial to avoid late fees and penalties. In this article, we'll go over everything you need to know about tax return dates for 2023.
When Can You Start Filing Your Taxes?
The IRS typically begins accepting tax returns in late January or early February. For the 2023 tax year, the official date has not yet been announced. However, it's safe to assume that it will be around the same time as previous years.
When Are Tax Returns Due?
The deadline for filing your tax return is typically April 15th. However, if April 15th falls on a weekend or a holiday, the deadline may be pushed back a few days. For the 2023 tax year, the deadline is expected to be April 17th, since April 15th falls on a Saturday and April 16th is a holiday in Washington, D.C.
What Happens if You Miss the Deadline?
If you miss the tax return deadline, you may be subject to late fees and penalties. The amount of the penalty depends on how late your return is and how much you owe. If you're owed a refund, there is no penalty for filing late. However, you must file your return within three years of the original due date in order to claim your refund.
What if You Can't File Your Taxes on Time?
If you can't file your tax return by the deadline, you can request an extension. This will give you an additional six months to file your return, but you must still pay any taxes owed by the original deadline. To request an extension, you can fill out Form 4868 and submit it to the IRS by the original due date.
How to Prepare for Tax Season
Preparing for tax season can be overwhelming, but there are a few things you can do to make the process easier. First, gather all of your tax documents, such as W-2s and 1099s. Second, make sure you have all of the necessary forms, such as Form 1040. Finally, consider using tax preparation software or hiring a tax professional to help you with your return.
How to File Your Taxes
There are several ways to file your taxes, including online, by mail, or in person. Online filing is the most popular option, as it is fast, easy, and secure. To file online, you can use a tax preparation software or file directly through the IRS website. If you prefer to file by mail, you can download the necessary forms from the IRS website and mail them in.
How to Check the Status of Your Refund
If you're owed a refund, you can check the status of your refund using the IRS Where's My Refund tool. This tool allows you to see when your refund is expected to be deposited into your bank account. You'll need to provide your Social Security number, filing status, and the exact amount of your refund to use this tool.
What to Do if You Owe Taxes
If you owe taxes, it's important to pay them as soon as possible to avoid late fees and penalties. You can pay your taxes online, by phone, by mail, or in person. If you're unable to pay your taxes in full, you may be able to set up a payment plan with the IRS.
Conclusion
In conclusion, staying on top of tax return dates is crucial to avoid late fees and penalties. For the 2023 tax year, the official start date for filing taxes has not yet been announced, but it is expected to be in late January or early February. The deadline for filing your tax return is April 17th, 2023, and if you can't file by then, you can request an extension. Remember to gather all of your tax documents, consider using tax preparation software, and pay any taxes owed as soon as possible.
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