As we near the end of this year’s tax season, it’s important to be aware of the upcoming deadline to file your federal tax return. The last day to file taxes for 2023 is Monday, April 15th. If you owe taxes and fail to file on time, penalties may apply based on the amount owed and the original due date of your taxes.
If you find yourself scrambling to file at the last minute, there are still options available to help you meet the deadline. You can prepare your taxes yourself, hire a professional tax preparer, or utilize free assistance from service providers. It’s important to note that in-person appointments may be limited, so a virtual appointment may be a more viable option.
For individuals with an income of $64,000 or less, there is the option to receive free, in-person tax preparation services through the IRS Volunteer Income Tax Assistance (VITA) program. Additionally, eligible taxpayers with an income under $79,000 can file federal income tax returns online for free using guided tax preparation software.
If you need more time to complete your tax forms, you can request an extension of the filing deadline. This can be done electronically through IRS Free File or by sending Form 4868 by April 15th to receive an extra six months for completion. It’s important to remember that if you owe taxes, the deadline to pay remains April 15th.
Once your tax return is filed, you can track the status of your refund using the “Where’s My Refund?” tool on the IRS website or through the IRS2Go app. By filing electronically and opting for direct deposit, you can speed up the refund process. However, some refunds may require further review, particularly if certain credits are claimed or if there are existing debts to the federal government.
Overall, being informed and prepared is key to successfully navigating the tax filing process. By taking advantage of available resources and staying up to date on deadlines, you can ensure a smooth tax season experience.
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