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Key Dates for Filing Your 2024 Tax Return
Tax Day is fast approaching. If you haven’t already done so, it’s crucial to gather your tax documents promptly and determine how you will both finalize and submit your taxes by the deadline. Furthermore, you should arrange for payment of any tax liabilities, if applicable.
With the tax deadline imminent, it is essential to be aware of the crucial dates for both filing and paying your taxes, and to ascertain if you qualify for any extensions. While most states follow the federal schedule, some have distinct state tax deadlines. Additionally, certain regions affected by hurricanes, floods, wildfires, and other natural disasters may have been granted tax extensions. Here are the essential dates to navigate this tax season effectively.
Tax Filing and Payment Deadlines for 2024 Tax Returns
For additional tax guidance, explore how adjustments to tax brackets might increase your take-home pay or check if your state has enacted income tax reductions.
When Can I Submit My 2024 Tax Return?
The Internal Revenue Service (IRS) officially commenced the tax filing season on Monday, January 27, 2025.
It’s important to remember that employers were mandated to distribute W-2 and 1099 income forms to employees by the end of January.
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What is the IRS Deadline for 2024 Tax Returns?
For the majority of taxpayers, the standard deadline to submit federal tax returns is Tuesday, April 15, 2025.
However, certain exceptions apply. The IRS provides extensions in situations of declared disasters. For example, individuals and businesses directly affected by Hurricanes Helene and Milton have until May 1, 2025, to file various individual and business tax returns and remit tax payments. Taxpayers impacted by the recent wildfires in Los Angeles County now have until Wednesday, October 15, 2025, to file their returns.
Military personnel serving overseas or in designated combat zones may also be eligible for extended filing time. Details regarding exceptions to the standard April 15 deadline can be found here.
What is the Deadline for a Tax Extension?
April 15, 2025, is also the date by which you must request a six-month tax extension from the IRS if you require additional time to prepare your tax paperwork.
It is crucial to note that filing for an extension only extends the period for submitting your forms until Wednesday, October 15; it does not alter the payment due date. You are still obligated to pay any taxes owed by April 15 to avoid incurring late payment penalties.
State-Specific Tax Filing Variations
Nine states currently do not impose a state income tax on earned income. These are Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. Among these, New Hampshire and Washington levy taxes on specific income types such as investment and stock earnings but do not tax income derived from employment.
Among the 41 states that do collect state income tax, the majority typically align with the federal April 15 filing deadline. However, some exceptions exist. Delaware, Hawaii, Iowa, Louisiana, and Virginia have distinct deadlines for their respective 2025 Tax Day. Moreover, regions within several states impacted by natural disasters, including Hurricanes Helene and Milton, have until May 1, 2025, to file federal individual and business tax returns.
It is vital to remember that a filing extension does not constitute a payment extension for taxes owed. Always consult your state’s Department of Revenue for the most current details regarding critical tax deadlines.
When Will I Receive My Tax Refund?
Taxpayers who file their returns electronically and are entitled to a refund can generally expect to receive it within 21 days, according to the IRS. Opting for direct deposit for your refund can expedite the process. It should be noted that if there are complexities with your return or if you submitted a paper return, processing times may extend to four weeks or longer.
For those claiming the Earned Income Tax Credit or the Additional Child Tax Credit, refunds are anticipated to be available by February 27 – provided you file online, choose direct deposit, and your return is without issues. Legislation mandates the IRS to hold these refunds until mid-February, precluding earlier disbursement. This timeframe applies to your total refund amount, not solely the portion related to the specific tax credit claimed.
You can utilize the IRS’s online tool, Where’s My Refund?, to monitor the status of your refund.
For further tax insights, discover the adjustments to income brackets and the standard deduction for 2025.