when do you have to file taxes 2024,When Do You Have to File Taxes 2024: A Comprehensive Guide

When Do You Have to File Taxes 2024: A Comprehensive Guide

Understanding the tax filing deadlines is crucial for every taxpayer. Whether you’re an individual, a small business owner, or a corporation, knowing when to file your taxes can help you avoid penalties and interest. In this article, we’ll delve into the various deadlines for tax filing in 2024, including extensions and important dates to remember.

Individual Taxpayers

For individual taxpayers, the standard deadline for filing taxes in the United States is April 15, 2024. However, this date can change due to holidays or weekends. If April 15 falls on a weekend or a federal holiday, the deadline is automatically extended to the following Monday.

It’s important to note that if you live in Maine or Massachusetts, you have an additional day to file your taxes. These states observe Patriots’ Day on April 15, which is a federal holiday. Therefore, the deadline for Maine and Massachusetts taxpayers is April 16, 2024.

Extensions

If you’re unable to file your taxes by the standard deadline, you can request an extension. The IRS offers automatic extensions of up to six months, giving you until October 15, 2024, to file your taxes. To request an extension, you must file Form 4868 by April 15, 2024.

Keep in mind that while an extension gives you more time to file your taxes, it does not give you more time to pay any taxes owed. If you expect to owe taxes, you should estimate the amount and pay it by April 15 to avoid penalties and interest.

Deadlines for Estimated Tax Payments

For individuals who are required to make estimated tax payments, there are specific deadlines to keep in mind. Estimated tax payments are typically due on April 15, June 15, September 15, and January 15 of the following year. If these deadlines fall on a weekend or federal holiday, they are automatically extended to the following Monday.

Deadlines for Tax Returns for Corporations and Partnerships

Corporations and partnerships have different deadlines for filing their tax returns. Corporations must file their tax returns by March 15 of the following year, while partnerships must file by April 15. However, these deadlines can be extended if the corporation or partnership is a calendar-year filer and files Form 7004 by March 15.

Corporations that are not calendar-year filers must file their tax returns by the 15th day of the third month following the end of their fiscal year. For example, if your fiscal year ends on December 31, 2023, you must file your tax return by March 15, 2024.

Deadlines for Trusts and Estates

Trusts and estates have a different set of deadlines for filing their tax returns. They must file their tax returns by April 15 of the following year, unless the estate is of a decedent who died before January 1, 2023. In that case, the estate must file