Tuesday, April 4, 2023

Tax deadline information

 Here’s my usual reminder this time of year.

April 18, 2023, is tax day, the federal deadline for filing a 2022 federal income tax return. This is also the last day to request a six-month tax extension using Form 4868. The IRS began to accept and process tax returns on Jan. 23, 2023.
Self-employed workers and other people who pay estimated taxes have another set of deadlines to keep in mind. Estimated taxes are typically collected four times a year, in January, April, June and September. If you file Form 4868 to request a tax extension, your federal tax return will be due Oct. 16, 2023. You must file Form 4868 by tax day (April 18) to be eligible for the extension. Getting a tax extension gives you more time to file, but it does not give you more time to pay your taxes. You will still need to estimate your taxes owed and pay the sum by April 18.

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