As the new year approaches, many taxpayers are already looking ahead to the upcoming tax season. If you’re wondering when you can e-file your 2023 taxes or what key dates and deadlines you need to keep in mind, this guide will provide all the information you need.
E-File Start Date for Tax Year 2022
The IRS has not yet announced an official start date for e-filing tax returns for the 2022 tax year. However, based on previous years’ timelines, it’s reasonable to expect that e-filing will become available sometime in January of 2023.
Deadline to File Tax Returns
For tax year 2022, April 15th falls on a Saturday. As a result, the deadline to file federal income tax returns is pushed back to Monday, April 17th , giving taxpayers extra time to file their returns without penalty if they owe no additional taxes.
Taxpayers who require additional time beyond April 17th must request an extension by filing Form [1065/1120/1120S] by March/April/May [insert applicable deadline]. This form grants an automatic six-month extension until October [insert month], but any additional taxes owed must still be paid by the original due date of April [insert day].
Estimated Tax Payment Due Dates
Estimated quarterly payments are often required from those who receive self-employment income or other types of taxable income that aren’t subject to withholding such as rental property income or investment gains. These estimated payments help ensure that enough money is withheld throughout he year so individuals don’t end up owing too much at once
Here are some important dates related to making quarterly estimated payments:
- First quarter (January-March): Payments due on April [insert day]
- Second quarter (April-June): Payments due on June [insert day]
- Third quarter (July-September): Payments due on September 15th
- Fourth quarter (October-December): Payments due on January [insert day], with the next year beginning your Estimated Quarterly payment plan
Conclusion
Stay informed about key tax dates and deadlines to avoid penalties, late fees, or interest charges. While the specific e-file start date for tax year 2022 has not yet been announced, taxpayers can expect it to be available sometime in January of 2023. Plan ahead for these important dates to ensure a successful tax season.
FAQs
Q: When can I start e-filing my 2023 taxes?
A: The IRS typically announces the official opening of tax season in January each year. For tax year 2023, you can expect to begin e-filing your taxes in January or early February of 2024.
Q: What is the deadline to file my 2023 taxes electronically?
A: The IRS typically sets a deadline of April 15th each year for taxpayers to either file their returns or apply for an extension. However, if April 15th falls on a weekend or holiday, the deadline may be extended until the following business day.
Q: Can I still e-file my taxes after the deadline has passed?
A: Technically, yes – but there may be penalties and interest fees assessed by the IRS for late filing and/or late payment of any outstanding taxes owed. If you miss the original filing deadline (April 15th) you have up to six months (until October) to file your return with an extension; however, any payments due must still be paid by April 15th to avoid interest charges on outstanding balances.
