The April 18th federal tax deadline is approaching. However, most states follow the April 18th federal deadline. If you have a family in the midst of disaster, you can extend the deadline by up to a month. Some states, however, have their own tax deadlines that are even later than that. Make sure to check your state’s deadline before filing your taxes. If you’re not sure when your deadline is, contact the IRS or your state’s income tax agency to find out.
If you’re in need of extra time to file your federal income tax return, the IRS will allow you an extension if your situation allows. Although this may sound like a last resort, filing your taxes as early as possible will help you avoid penalties. Even if you missed the deadline, you still have a chance to claim back any overpaid taxes and eligible tax credits. So don’t wait until the last minute to get your return filed.
If you’re an employee or self-employed individual, you’ll probably owe taxes for the previous year. The deadline to file your state’s taxes is May 1, 2020. However, the deadline to pay the state of Virginia’s taxes is May 1, 2020. And if you owe state taxes, you have until June 1st, 2020 to make payments. It’s a good time to file and make payments, because filing and paying taxes early will save you a lot of money and hassle.
While the deadline for filing federal income tax is often pushed back a day, there are also holidays in the nation’s capital that might cause your taxes to be late. This year, Emancipation Day is April 15 in the District of Columbia. This holiday impacts your tax deadline in the same way as federal holidays. In addition to these, the tax filing deadline for 2022 has also been moved to April 18 due to Patriots’ Day in Massachusetts and Maine.
If you have a traditional 401(k) plan, you may be able to take advantage of the extension. If you have not yet filed your taxes, you should still be able to make an appointment to meet the deadline at an H&R Block office. You can also file them online if you want. If you need to file your taxes online, you can file them using the H&R Block website. The IRS may still be open, but they may have more paperwork than they can handle.
Remember that the IRS sets the deadline for filing federal income tax returns for calendar-year filers. Most people file for the calendar-year year. Businesses with different fiscal years must file on the 15th day of the fourth month after the end of their fiscal year. In case of holidays, the due date is postponed until the next business day. So, make sure you file early. You’ll be glad you did! It’s important to meet your deadline to avoid any hassles.