If you request an extension you’ll have until October 16 to file your return. Importantly that doesn’t buy you more time to pay your taxes. You’ll still have to pay any amount due to avoid penalties but you’ll have more time to complete your tax forms.
You can get a jump-start on preparing your tax return by gathering key information such as your W-2 or 1099 forms. And you may be able to submit your taxes early through some third-party tax services, but they’ll wait in the system until the IRS begins accepting returns for processing.
Deadline for employers to send W-2s to their employees
Your employer is required to send you your W-2 by Jan. 31. Most 1099 forms are due by the end of January as well.
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When does IRS F ree F il e open?
IRS Free File will open on Jan. 13.
IRS Free File lets you file your federal taxes at no extra cost either through electronic fillable forms or through IRS partnerships with private tax preparation services.
If you had an adjusted gross income of $73,000 or less in 2022, you are eligible for free guided tax preparation services. The IRS also offers free fillable forms anyone can use regardless of income level.
Be sure to regularly check
this page for the latest information on IRS Free File.
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Quarterly tax due dates
If you earn income that isn’t subject to withholding taxes, you’re typically required to make estimated tax payments to the IRS. You can do this on a quarterly basis or through one annualized estimate. The annualized estimate is due on April 18.
The quarterly payments for 2023 are due by the following dates:
First payment: April 18.
Second payment: June 15.
Third payment: Sept. 15.
Fourth payment: Jan. 16, 2024.
Elisabeth Buchwald is a personal finance and markets correspondent for USA TODAY. You can f ollow her on Twitter @BuchElisabeth and sign up for our Daily Money newsletter here