Don’t Forget This Year’s New Federal Tax Filing Deadline

According to a recent Empower poll, only 44% of Americans know when the 2022 tax filing deadline is, so let me be clear: tax day is April 18 this year – if you’re a procrastinator, 2023 gives you a three-day grace period.

The deadline is April 18th instead of the usual April 15th because the 15th falls on a Saturday, and this Monday is Liberation Day, a holiday celebrated in Washington, D.C. to commemorate the end of slavery in the county. You have three additional days to contribute to your IRA, Roth IRA, SEP IRA, Health Savings Account (HSA), and 401(k) for the 2022 tax year, and April 18 is also the deadline for filing any renewals for your 2022 taxes.

2022 Federal Income Tax Filing Deadline Extension Due to Disaster

If you live in a disaster-hit area, you may have even more time to file your federal taxes. Taxpayers in most of California and parts of Alabama and Georgia must file their 2022 taxes by October 16, 2023. This includes personal income tax returns, various business returns, which are usually due on March 15 and April 18, and tax-exempt corporate returns, which are usually due on May 15. Extended filing deadlines also mean that eligible taxpayers also have until October 16th. make contributions to your retirement and health savings accounts in 2022.

If you’re not sure if you’re in a disaster area – it doesn’t apply to whole states, only parts of them – check the IRS Disaster Relief page to find it, or call 866-562-5227 . from 7:00 to 22:00 in your local time zone.

You do not need to submit any documents if you live in the affected area. The IRS has already identified you and the deferment will be applied automatically.

What to do if you can’t file your tax return on time

If you are still unable to meet your tax filing deadline for any reason, you can file IRS Form 4868 to extend the deadline and save yourself from late filing penalties. But keep in mind that your taxes are still due on April 18, so the IRS expects you to pay at least 80% of your estimated tax bill by that date.

If you’d like more information on applying for a federal income tax extension, check out this excellent Lifehacker article .