What’s the Last Day to File Taxes?
Understanding the deadline for filing taxes is crucial for every taxpayer. It’s the date by which you must submit your tax return to the IRS or your state tax authority. Missing this deadline can result in penalties and interest, so it’s important to know exactly when it is. Let’s delve into the details and help you determine the last day to file taxes.
Understanding Tax Deadlines
The last day to file taxes can vary depending on several factors, including the type of tax return you’re filing, your filing status, and whether you’re filing an extension.
For most taxpayers, the standard deadline is April 15th. However, if this date falls on a weekend or a federal holiday, the deadline is automatically extended to the next business day. For example, if April 15th falls on a Saturday, the deadline would be April 16th, and if it falls on a Sunday, the deadline would be April 17th.
Deadlines for Different Tax Returns
Not all tax returns are subject to the same deadline. Here’s a breakdown of the deadlines for different types of tax returns:
| Return Type | Standard Deadline | Extension Deadline |
|---|---|---|
| Individual Income Tax Return (Form 1040) | April 15th | October 15th |
| Corporate Income Tax Return (Form 1120) | March 15th | September 15th |
| Partnership Return (Form 1065) | March 15th | September 15th |
| S Corporation Return (Form 1120S) | March 15th | September 15th |
| Trust and Estate Tax Return (Form 1041) | April 15th | October 15th |
It’s important to note that these deadlines are for filing the return, not for paying any taxes owed. If you owe taxes, you must still make your payment by the original deadline to avoid penalties and interest.
Special Deadlines for Certain Taxpayers
Some taxpayers may be eligible for special deadlines due to their unique circumstances. Here are a few examples:
- Resident aliens: If you’re a resident alien, you may have a different deadline than U.S. citizens. Check with the IRS or your state tax authority for specific information.
- Members of the military: If you’re on active duty outside the United States, you may have an extended deadline. The IRS provides specific guidelines for military personnel.
- Taxpayers affected by natural disasters: If you’re affected by a natural disaster, you may be eligible for an extended deadline. Check with the IRS or your state tax authority for details.
How to File an Extension
If you’re unable to file your tax return by the standard deadline, you can request an extension. This gives you an additional six months to file your return, bringing the deadline to October 15th. Here’s how to request an extension:
- File Form 4868: You can file Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, either online or by mail.
- Pay any taxes owed: When you file your extension, you must estimate and pay any taxes you owe. If you don’t pay what you owe, you may be subject to penalties and interest.
- File your return by the extended deadline: Even if you’ve filed an extension, you must still file your tax return by October 15th.
Penalties and Interest
Missing the deadline to file your tax return can result in penalties and interest. The penalty for failing to file on time is typically 5% of
