Tax day is April 18 this yr! Lisa Greene-Lewis, CPA and TurboTax tax professional, discusses the necessary tax dates and deadlines.
The IRS prolonged the deadline from April 15 to April 18, 2023, this yr.
This yr, April 15 falls on this weekend and April 17 is Emancipation Day, celebrated within the District of Columbia.
2023 Tax Dates and Deadlines
- April 18, 2023 – Tax day (until prolonged on account of native state vacation).
- April 18, 2023 – Deadline to file Form 4868 and request an extension.
- April 18, 2023 – Deadline to make IRA and HSA contributions for the 2022 tax yr.
- April 18, 2023 – First quarter 2023 estimated tax cost due.
- May 15, 2023 – Federal Tax deadline for victims of federally declared catastrophe in sure areas of New York. Find out extra data on the TurboTax weblog or IRS web site. For New York state tax returns and tax funds, you should file for an extension by April 18, 2023.
- June 15, 2023 – Second quarter 2023 estimated tax cost due.
- July 31, 2023 – Deadline for victims of federally declared catastrophe in sure areas of Mississippi. Find out extra on the TurboTax weblog or IRS web site.
- September 15, 2023 – Third quarter 2023 estimated tax cost due.
- October 16, 2023 – Deadline for victims of federally declared catastrophe in sure areas of California, Georgia, and Alabama. Find out extra on the TurboTax weblog or IRS web site.
- October 16, 2023 – Deadline for victims of federally declared catastrophe in sure areas of California, Georgia, and Alabama. Find out extra on the TurboTax weblog or IRS web site.
Lisa Greene-Lewis, CPA and TurboTax tax professional, walks us via the important thing tax dates and deadlines. Read the complete Q&A under or watch the video above.
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Video Transcript:
Tax Day
Tracy Byrnes: All proper. So tax season is correct across the nook once more. There’s a ton of dates to recollect and sadly, they’re totally different from final yr. So get out of a pen and paper. You’ve acquired to put in writing this down. Lisa Greene-Lewis, TurboTax professional and CPA, is right here with us to stroll us via all of it. So, Lisa, a return is definitely not due on April 15 this yr, is it?
Lisa Greene-Lewis: That’s right. This yr it is April 18, and that is as a result of the fifteenth, it falls on the weekend. And then there’s a vacation that is celebrated in Washington, DC on that Monday. That’s Emancipation Day. So it is going to be April 18.
Estimated Tax Payments
Tracy Byrnes: That’s nice as a result of for procrastinators like me, it provides me one other weekend to get it achieved. Let’s additionally speak about estimated tax funds as a result of these dates are essential, particularly for our self-employed people on the market.
Lisa Greene-Lewis: Yes, so one factor that self-employed ought to keep in mind, the primary quarterly estimated tax cost for tax yr 2023 is due on tax day for tax yr 2022, and that is April 18 for the primary quarterly cost. And then the second is due June 15, after which the third on September 15 of 2023.
IRA and HSA Contributions
Tracy Byrnes: And we also needs to observe that whenever you file your tax return, you additionally want to ensure your IRA and HSA contributions for 2022 are in as effectively, proper?
Lisa Greene-Lewis: Yes, that may actually assist your tax state of affairs. If you are doing all your taxes now and also you see that you just owe cash, you might wish to contribute to your IRA or your HSA, however it’s a must to just remember to inform your plan supplier that it’s a 2022 contribution. So they contribute it to the appropriate yr.
Filing Tax Extensions
Tracy Byrnes: Right, be sure you write it within the observe on the verify or one thing like that. But that is a sound level. And lastly, extensions are due if certainly you do have to increase your tax return.
Lisa Greene-Lewis: That’s right. So the date can be April 18, similar to the tax deadline to file your taxes and likewise pay what you owe. And so you may request an extension with Form 4868, however it’s a must to do it by April 18. And additionally, keep in mind, in the event you owe cash, that extension is barely an extension to file. It’s not an extension to pay what you owe.
Tracy Byrnes: Right, that is an necessary level. The cash nonetheless must be in April, however the return then is not due till October, proper? And it isn’t October 15 like regular.
Lisa Greene-Lewis: Right, in order that prolonged deadline is October 16 in the event you file for an extension with Form 4868.
Extended Deadline for Storm Victims
Tracy Byrnes: And Lisa, you additionally talked about that storm victims get an additional particular period of time.
Lisa Greene-Lewis: Yes, in the event you reside in an space that is a federally declared catastrophe – so lately it was victims of storms in California, Georgia, and Alabama – you are going to get an extension to file and pay something you owe till Oct. 16, 2023. Recently it was additionally introduced that victims of federally declared catastrophe in NY and Mississippi get an extension to file and pay.
And you could find out extra data on the TurboTax weblog. And additionally, the IRS has a website the place they checklist areas which have been impacted by disasters.
Tracy Byrnes: Right so everybody ought to rewatch this video, write all of those dates down as a result of they’re totally different than ordinary. Lisa Greene-Lewis, TurboTax professional and CPA, thanks a lot for serving to us out.
Lisa Greene-Lewis: Thank you for having me.
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