Tax deadline extension: Heres a list of states with May filing due to 2024-2025 natural disasters

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• But you can also check out our specific guides for LLC tax deadlines and S corporation tax deadlines.
• In 2024, tax returns were available on January 29, and the new forms are expected to become available on January 27 this year.
• The fastest and most accurate way to file your tax return is to file electronically.
• The deadly fires were contained after more than three weeks, causing at least 29 deaths and destroying tens of thousands of acres of land and thousands of structures.
• If you’re self-employed, own a business, or have significant income that’s not subject to withholding, this deadline is critical.
• Under the federal Protecting Americans from Tax Hikes (PATH) Act, the IRS cannot issue Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) refunds before mid-February.

January 27, 2025

However, the extension is only for filing your return—you still need to pay any taxes you owe by April 15 to avoid penalties and interest. Federal income tax returns for the 2025 tax season are due by tax filing Tuesday, April 15, 2025. The extended deadline for U.S. taxpayers residing overseas to file and pay is June 16, 2025.

How the Paycheck Protection Program Affects Self Employed People

The failure-to-pay penalty charges 0.5% of what you owe each month you fail to pay, up to a total of 25% of the unpaid balance. When both penalties are applied, the failure-to-file penalty is reduced by the amount of the failure-to-pay penalty so the combined penalty totals 5%. Staying aware of and adhering to the tax filing deadlines for 2025 is essential to maintain good standing with the IRS and avoid unnecessary penalties.

When Do You Get a 1098-T Form for Taxes?

By understanding the deadlines and preparing in advance, you can navigate the tax season with confidence and ease. This is a Department of Defense program available to members of the military and some veterans with no income limit. MilTax generally offers free return preparation and electronic filing software for federal income tax returns and up to three state income tax returns. The VITA program offers free tax help to people who generally make $67,000 or less, persons with disabilities and taxpayers whose preferred language is not English. IRS-certified volunteers provide free basic income tax return preparation with electronic filing to qualified individuals. If the 15th falls on a weekend or federal income summary holiday, the deposit is due the next business day.

• Engaging with professionals who have the necessary expertise ensures that businesses can make informed decisions and navigate complex tax situations with confidence.
• This amounts to an additional 0.5% of unpaid taxes every month until you pay your original tax bill (up to a maximum 25% of your total tax bill).
• We service clients throughout Virginia and Washington, D.C., including Arlington, Fairfax, Alexandria and Falls Church, VA.
• Specifically, for the 2026 filing season (covering income earned in tax year 2025), the season is expected to open in late January 2026 and then end on Wednesday, April 15, 2026.
• It’s important to check with your state’s tax authority to confirm specific filing and payment deadlines.
• They report their business income and expenses on Schedule C, which is attached to the owner’s personal Form 1040.
• Most of the due dates discussed in this publication are also included in the online IRS Tax Calendar for Businesses and Self-Employed, available at IRS.gov/TaxCalendar.

April 2025 Tax Dates and Deadlines

You Oil And Gas Accounting may have more time to file if you were affected by a disaster situation. The IRS provides specific guidelines and announcements for taxpayers affected by federally declared disasters. Check the IRS’s website or consult a tax professional for details regarding qualifications and extended deadlines in your area.