
When Is the Last Day to File Your Taxes This Year?
Usually, the deadline to file your taxes as an individual is April 15 each year, and this year it’s no different. However, this year, residents in two states, Maine and Massachusetts, have until April 17 to file. This is because Patriots’ Day is an official holiday in both states, commemorating Revolutionary War battles, which falls on April 15 this year. Usually, this meant an extra day to file taxes. But this year, Emancipation Day, the holiday honoring the end of slavery in the District of Columbia, is on April 16. Because this is a legal holiday in D.C., the IRS can’t require residents of Maine and Massachusetts to file their tax returns on the 16th.
Other IRS tax filing dates you should know:
- January 15: Those who are self-employed and file quarterly, or file quarterly for another reason, will need to have their forms postmarked for January 15.
- April 15: This will be the big due date for multiple forms. Not only are individual tax returns due for the 2018 year, but the forms to request an extension are due at this time as well.
- April 18: This is the first month for the self-employed or quarterly filers, and they will need to have their paperwork in by the 18th.
- June 15: The 15th of June is the due date for the second quarter of estimated tax payments. Again, this applies to those self-employed or filing quarterly.
- September 17: The third quarter income needs to be filed and mailed by September 17. Then, the fourth quarter estimates will not be due until January 2019.
- October 15: Should you have to get an extension, you will need to have the forms filled out and dated for the 15th.
Things to Keep in Mind
If you have not reviewed whether or not you should hold more or less from your refund, 2019 might be your year to do a checkup. The IRS recommends taxpayers to do a mid-year withholding check-up to make sure the appropriate amount is taken out for your situation. This helps prevent a potential hold on your refund and prevents your tax rates from going up due to major life changes such as marriage or divorce.
With finances, you should try to always plan ahead. Your taxes are not exempt from this effort. In fact, not only is it wise to do a withholding checkup, but you should think about the best ways to use your refund. Using it to pay off old debt or placing it directly into a retirement fund are two efficient ways to use your check.
The last day to file your taxes is right around the corner. You can avoid hiccups by being as prepared as possible now.
Have you filed your taxes yet? Share with us in the comments below.
Read More:
- Last Minute Ways to Reduce Your Taxes
- What’s the Best Way to Settle Your Tax Bill?
- Tax Tips for Independent Contractors
Comments