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Check out these important details about the 2023 tax season.
If you miss the 2023 tax season deadline, you can file for an extension that would last until October 15. (Photo: DBM Accounting)
2023 Tax Season
The 2023 tax season has begun, with the last day to file taxes being on April 15, 2024. With the now starting 2023 tax season, you can start working on your taxes as soon as you have all the necessary paperwork.
Also, regarding the 2023 tax season, the IRS began processing tax filings on January 29, 2024. If your tax forms haven’t arrived by late February, reach out to your employer or the IRS for replacements and continue with the 2023 tax season.
According to a published article by SmartNews, residents in Maine and Massachusetts have until April 17, 2024, to file for the 2023 tax season. If you can’t make the tax deadline for the 2023 tax season, you can file for an extension using Form 4868 before April 15 to extend the deadline until October 15.
Tax Day On April 15
In a published article by USA Today, Tax Day is April 15, but you can request a six-month extension. If you don’t turn in your work on time, you might have to pay fines. Some states have different filing deadlines, and there are extensions for those affected by disasters or terrorist attacks.
If you file for an extension, your deadline is extended until October. 15 to file your return. Freelancers should have received a 1099 form by Feb. 15, and employers should have sent W-2 forms by Jan. 31. Older adults can save on taxes by claiming an extra deduction for 2023.
