Why is tax deadline april 17

Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors.

In the United States, tax season generally runs between January 1 and April 15 each year for filing and paying taxes for the previous year. Tax season for taxes begins Jan. Tax Day refers to the final deadline date when individual federal tax returns and tax payments are due.

Most states that levy income taxes set the same deadline for their residents to file their state income taxes.

Due to Hurricane Ida, some residents and business owners in Louisiana and parts of Mississippi, New York, Pennsylvania, and New Jersey have been granted extensions on their deadlines for filings and payments to the IRS. Most relate to upcoming due dates for quarterly filings and payments. Just about everyone who earns income files a return on Tax Day.

That includes everyone who has an employer who deducts taxes from their paychecks. It also includes self-employed people and small business owners who must file quarterly to pay estimated taxes and then file annual returns to square up their accounts. Retirees file income taxes on Tax Day to account for the income they received from Social Security and any pensions, investment income, and retirement account withdrawals.

Tax Day is the due date for federal individual income tax returns and tax payments. This date applies to individuals who file taxes based on a calendar year.

If you use a fiscal year, then you must file your taxes by the 15th day of the fourth month after the last day of your fiscal year. For example, if your fiscal tax year ends on June 30, then your federal tax return is due by October Deadlines for state taxes may be different from federal income tax deadlines.

If you are required to file a state income tax return, check with your state tax agency to confirm the due dates. If you need more time to prepare your tax return, you may ask for an extension. This can give you an extra six months to file your taxes, but your tax payment is still due on Tax Day.

To request an extension:. Your extension request must be filed on or before your original tax payment due date. When a tax filing due date falls on a weekend or a legal holiday, the deadline is moved up to the next business day.

Your tax filing deadline may also be pushed back if Tax Day falls on a legal holiday in your state or in the state where you are required to file. The IRS may also extend tax filing deadlines as part of a relief effort for rough economic times or a natural disaster. The IRS responded by giving residents of Texas until June 15, , to file their federal individual income taxes. Economic hardships due to the pandemic continued into , and the IRS once again extended the filing and payment deadline.

You have until the May 17, , tax deadline to contribute to an HSA for the tax year. This will buy most taxpayers until Oct. See more about how extensions work.

Note: A tax extension gets you more time to file your return, not more time to pay your taxes. You still must pay any tax you owe, or a good estimate of that amount, by the tax deadline. Include that payment with your extension request or you could face a late-payment penalty on the taxes due. Be sure to find out when your local Tax Day is. Most taxpayers face state income taxes , and most of the states that have an income tax follow the federal tax deadline.

Ask your state's tax department: When are taxes due? And if necessary, ask: How do I get an extension? For , Tax Day was originally April 15, but as part of the government's ongoing coronavirus response, Tax Day was moved to May The tax deadline in is May If you need to make an estimated tax payment for the first quarter, that payment was due on April 15, though.

If you request a tax extension by May 17, you can have until October 15 to file your taxes. However, getting a tax extension only gives you more time to file the paperwork; it does not give you more time to pay. If you can't pay your tax bill when it's due, the IRS offers installment plans that will let you pay over time.

You can apply for one on the IRS website. Here's how it works. See what forms you have to fill out and what an extension really gets you. Learn more. See our picks for this year and how much they cost. See how these retirement plans can cut your tax bill.

Here's how to get it done quickly. You might have a state tax return to file this year, too. Paying this way can help avoid penalties and interest. By using the site, you consent to the placement of these cookies.

Read our privacy policy to learn more. On Monday, the IRS issued guidance with details on its postponement of the April 15 tax deadline for individuals Notice The IRS had announced in a news release on March 17 that it was delaying the April 15 deadline for individuals until May 17, Like the news release before it, the notice does not extend the April 15 due date for estimated tax payments. Under the notice, the postponement applies to any individual who files a federal individual income tax return on Form , SR, NR, PR, SS, or SP the Form series or has a federal tax payment reported on one of these forms that would otherwise be due April 15, The IRS says the postponement also applies to the filing of all schedules, returns, and other forms that are filed as attachments to forms in the Form series or are required to be filed by the due date of the Form series.

Also, elections that are made or required to be made on a timely filed form in the Form series or attachment to the form will be considered timely if filed on such form or attachment, as appropriate, on or before May 17, The notice also extends the postponement to claims for credit or refund of federal income tax that absent the notice would expire on or after April 15, , and before May 17, this generally affects tax years.