Income Tax Deadlines And Due Dates For 2022 Returns
In the table below you will find the income tax return due dates by state for the 2022 tax year. We have included the Regular Due Date alongside the 2023 Due Date for each state in the list as a point of reference. Each calendar year the state income tax due date may differ from the Regular Due Date, because of a state recognized holiday, or the due date falls on a Saturday or Sunday, for example.
Most state income tax returns require income, adjustments, and credit amounts calculated on your Form 1040. For this reason, it’s important that you prepare your federal income tax forms in advance of trying to prepare your state income tax forms.
Individuals Living Abroad Or Traveling Outside The United States
If youre living or traveling outside the U.S. or Puerto Rico on May 1, you have until to file your return. You must still pay any tax you expect to owe by the May 1 due date.
Enclose a statement explaining that you were out of the country, and write Overseas Rule on the top of your return and on the envelope.
Tax Deadlines: July To September
- :Deadline for employees who earned more than $20 in tip income in June to report this income to their employers.
- : Deadline for employees who earned more than $20 in tip income in July to report this income to their employers.
- Deadline for employees who earned more than $20 in tip income in August to report this income to their employers.
- : Deadline forthird-quarter estimated tax payments for the 2021 tax year.
- : Final deadline to file partnership and S-corporation tax returns for tax year 2021, if an extension was requested .
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Individual Income Tax Filing Due Dates
- Typically, most people must file their tax return by May 1.
- Fiscal year filers: Returns are due the 15th day of the 4th month after the close of your fiscal year.
If the due date falls on a Saturday, Sunday, or holiday, you have until the next business day to file with no penalty.
Filing Extensions
Can’t file by the deadline? Virginia allows an automatic 6-month extension to file your return . No application is required. You still need to pay any taxes owed on time to avoid additional penalties and interest. Make an extension payment.
Max Out Your 401 By Dec 31
Contributions to a traditional 401 reduce your total taxable income for the year.
For example, lets say you make $65,000 a year and put $19,500 into your 401. Instead of paying income taxes on the entire $65,000 you earned, youll only owe taxes on $45,500 of your salary. In other words, saving for the future lets you shield $19,500 from taxes . Many employers offer to match a portion of what you save, meaning that if you contribute enough to your account, you’ll also nab some free money.
» MORE:Estimate your tax bill with our free tax calculator
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Do I Have To Pay Taxes On Unemployment Income
Yes, unemployment benefits received in 2022 are taxable. The exemptions that applied to income tax on unemployment benefits granted under the American Rescue Plan only applied to benefits collected in 2020.
If you’re currently or have been recently unemployed and can’t afford to pay your taxes, make sure to file a return anyway. There is a penalty for filing late or neglecting to file at all. You can request an installment agreement to help you pay taxes over time. You can do this online through the IRS website, by filling out Form 9465, or by for help.
Who Must Pay Estimated Tax
Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.
Corporations generally have to make estimated tax payments if they expect to owe tax of $500 or more when their return is filed.
You may have to pay estimated tax for the current year if your tax was more than zero in the prior year. See the worksheet in Form 1040-ES, Estimated Tax for Individuals, or Form 1120-W, Estimated Tax for Corporations, for more details on who must pay estimated tax.
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How To Figure Estimated Tax
Individuals, including sole proprietors, partners, and S corporation shareholders, generally use Form 1040-ES, to figure estimated tax. Nonresident aliens use Form 1040-ES to figure estimated tax.
To figure your estimated tax, you must figure your expected adjusted gross income, taxable income, taxes, deductions, and credits for the year.
When figuring your estimated tax for the current year, it may be helpful to use your income, deductions, and credits for the prior year as a starting point. Use your prior year’s federal tax return as a guide. You can use the worksheet in Form 1040-ES to figure your estimated tax. You need to estimate the amount of income you expect to earn for the year. If you estimated your earnings too high, simply complete another Form 1040-ES worksheet to refigure your estimated tax for the next quarter. If you estimated your earnings too low, again complete another Form 1040-ES worksheet to recalculate your estimated tax for the next quarter. You want to estimate your income as accurately as you can to avoid penalties.
You must make adjustments both for changes in your own situation and for recent changes in the tax law.
Corporations generally use Form 1120-W, to figure estimated tax.
Due On Or Before April 19 2022
Form 355
- File a 2021 calendar year return and pay any tax due. If requesting time to file a return please ensure to deposit what you estimate you owe in tax as your extension payment.
Form 355SC:
- File a 2021 calendar year return and pay any tax due. If requesting time to file a return please ensure to deposit what you estimate you owe in tax as your extension payment.
Form 355U
- File a 2021 calendar year return and pay any tax due. If requesting time to file a return please ensure to deposit what you estimate you owe in tax as your extension payment.
Form M-990T
- File a 2021 calendar year return and pay any tax due. If requesting time to file a return please ensure to deposit what you estimate you owe in tax as your extension payment.
Form 180:
- File a 2021 calendar year return and pay any tax due.
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Calculating Income Tax Rate
The United States has a progressive income tax. This means there are higher tax rates for higher income levels. These are called marginal tax rates they do not apply to total income, but only to the income within a specific range.
These ranges are called brackets. Income falling within a specific bracket is taxed at the rate for that bracket. The table below shows the tax brackets for the federal income tax. This table reflects the rates for the 2018 tax year, which are the taxes you pay in early 2019. This table also includes all of the changes from the new plan that President Trump and congressional Republicans passed in 2018.
What’s The Deadline For Filing 2022 Tax Returns
The IRS says it expects to receive more than 168 million individual tax returns this year. The deadline to file for most Americans is Tuesday, April 18, 2023. That’s because April 15 is a Saturday and the next weekday, April 17, is recognized as a holiday, Emancipation Day, in Washington, DC.
According to the IRS, “by law, Washington, D.C., holidays impact tax deadlines for everyone in the same way federal holidays do.”
Residents of California impacted by severe storms have until May 15 to file their taxes.
If you’re serving in the military abroad, including in a combat zone or as part of a contingency operation in support of the US Armed Forces, you may be granted additional time to file your return.
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When Is The Last Day To File Taxes In 2023
You can always get more time to file your federal return by filling out an extension request form, which will automatically give you a new deadline of October 18. Last year a record 19 million taxpayers asked for extra time. One thing to remember, however: The extension doesnt apply to payments.
If youre unable to pay your bill in full by the April 18 deadline, you can apply for a payment plan via the IRS website to make reasonable monthly payments. Interest charges will apply.
When To Pay Estimated Taxes
For estimated tax purposes, the year is divided into four payment periods. Each period has a specific payment due date. If you dont pay enough tax by the due date of each of the payment periods, you may be charged a penalty even if you are due a refund when you file your income tax return.
If a payment is mailed, the date of the U.S. postmark is the date of payment. If the due date for an estimated tax payment falls on a Saturday, Sunday, or legal holiday, the payment will be on time if you make it on the next day that isnt a Saturday, Sunday or holiday.
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What If You Miss A Deadline
You’ll probably be hit with a financial penalty, such as an extra interest charge, if you don’t submit a tax return and make any payment that is due by its appropriate deadline. There are two main penalties you may face:
- Failure-to-file penalty:This penalty for 1040 returns is 5% of the tax due per month as of tax year 2021, up to a cap of 25% overall, with additional fees piling up after 60 days.
- Failure-to-paypenalty: This penalty is 0.5% for each month, or part of a month, up to a maximum of 25%, of the amount of tax that remains unpaid from the due date of the return until the tax is paid in full.
If both are penalties are applied, the failure-to-file penalty will be reduced by the failure-to-pay penalty amount for that month. If you are on a payment plan, the failure-to-pay penalty is reduced to 0.25% per month during that payment plan schedule. If you don’t pay the taxes you owe within 10 days of receiving a notice from the IRS that says the agency intends to levy, then the failure-to-pay penalty is 1% per month.
Getting Your Refund Quickly
The majority of US tax filers every year are typically owed a refund. Last year, the average refund issued was $3,176.
The IRS says it is likely to deliver your refund within 21 days of receiving your return its typical turnaround time but only if you fill out your return accurately and completely, file it electronically and opt to have your refund delivered through direct deposit.
The agency advises against filing paper returns, if possible.
For anyone expecting a refund due to the Earned Income Tax Credit or Additional Child Tax Credit, the IRS is prohibited by law from issuing it before mid-February, in order to give the agency time to stop fraudulent refunds from going out. This year, the IRS said EITC refunds will be available for many in their bank accounts or on their debit cards by February 28.
While millions of tax filers pay a tax professional every year to help them prepare and file their tax returns or purchase tax software to do so themselves the IRS offers a free file program for anyone with a 2022 adjusted gross income of $73,000 or less. The program lets you prepare and electronically file your return without charge using software from participating tax preparation companies.
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Awaiting Processing Of Previous Tax Returns People Can Still File 2021 Returns
Rettig noted that IRS employees continue to work hard on critical areas affected by the pandemic, including processing of tax returns from last year and record levels of phone calls coming in.
“In many areas, we are unable to deliver the amount of service and enforcement that our taxpayers and tax system deserves and needs. This is frustrating for taxpayers, for IRS employees and for me,” Rettig said. “IRS employees want to do more, and we will continue in 2022 to do everything possible with the resources available to us. And we will continue to look for ways to improve. We want to deliver as much as possible while also protecting the health and safety of our employees and taxpayers. Additional resources are essential to helping our employees do more in 2022 and beyond.”
The IRS continues to reduce the inventory of prior-year individual tax returns that have not been fully processed. As of December 3, 2021, the IRS has processed nearly 169 million tax returns. All paper and electronic individual 2020 refund returns received prior to April 2021 have been processed if the return had no errors or did not require further review.
Taxpayers generally will not need to wait for their 2020 return to be fully processed to file their 2021 tax returns and can file when they are ready.
How To Pay Estimated Taxes
You may send estimated tax payments with Form 1040-ES by mail, or you can pay online, by phone or from your mobile device using the IRS2Go app. You can also make your estimated tax payments through your online account, where you can see your payment history and other tax records. Go to IRS.gov/Account. Visit IRS.gov/payments to view all the options. For additional information, refer to Publication 505, Tax Withholding and Estimated Tax.
Using the Electronic Federal Tax Payment System is the easiest way for individuals as well as businesses to pay federal taxes. Make ALL of your federal tax payments including federal tax deposits , installment agreement and estimated tax payments using EFTPS. If its easier to pay your estimated taxes weekly, bi-weekly, monthly, etc. you can, as long as youve paid enough in by the end of the quarter. Using EFTPS, you can access a history of your payments, so you know how much and when you made your estimated tax payments.
Corporations must deposit the payment using the Electronic Federal Tax Payment System. For additional information, refer to Publication 542, Corporations.
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Paid Family And Medical Leave Contributions
Employers, other business entities and self-employed individuals electing PFML coverage are required to file Quarterly Returns through MassTaxConnect.
The first required quarterly return will cover the period from October 1, 2019 to December 31, 2019 and must be filed on or before January 31, 2020. All subsequent return filings will be due on or before the last day of the month following a calendar quarters close.
For more PFML information visit:
Penalty For Underpayment Of Estimated Tax
If you didnt pay enough tax throughout the year, either through withholding or by making estimated tax payments, you may have to pay a penalty for underpayment of estimated tax. Generally, most taxpayers will avoid this penalty if they owe less than $1,000 in tax after subtracting their withholdings and credits, or if they paid at least 90% of the tax for the current year, or 100% of the tax shown on the return for the prior year, whichever is smaller. There are special rules for farmers, fishermen, and certain higher income taxpayers. Please refer to Publication 505, Tax Withholding and Estimated Tax, for additional information.
However, if your income is received unevenly during the year, you may be able to avoid or lower the penalty by annualizing your income and making unequal payments. Use Form 2210, Underpayment of Estimated Tax by Individuals, Estates, and Trusts , to see if you owe a penalty for underpaying your estimated tax. Please refer to the Form 1040 and 1040-SR Instructions or Form 1120 Instructions PDF, for where to report the estimated tax penalty on your return.
The penalty may also be waived if:
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How To Make An Estimated Tax Payment
The fastest and easiest way taxpayers can make an estimated tax payment is to do so electronically using IRS Direct Pay. Taxpayers can schedule a payment before the January 17 deadline. They can also make a payment through their IRS Online Account or the Electronic Filing Tax Payment System.
More information on other payment options is available at Pay Online.
Undelivered Federal Tax Refund Checks
Refund checks are mailed to your last known address. If you move without notifying the IRS or the U.S. Postal Service , your refund check may be returned to the IRS.
If you were expecting a federal tax refund and did not receive it, check the IRS’Wheres My Refund page. You’ll need to enter your Social Security number, filing status, and the exact whole dollar amount of your refund. You may be prompted to change your address online.
You can also to check on the status of your refund. Wait times to speak with a representative can be long. But you can avoid waiting by using the automated phone system. Follow the message prompts when you call.
If you move, submit a Change of Address – Form 8822 to the IRS you should also submit a Change of Address to the USPS.
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