Higher Than Me LLC

Tax Day 2024: Important Dates, Filing Tips, and Extensions

Apr 01, 2024By Tai Moultrie, CPA
Tai Moultrie, CPA

As Tax Day 2024 approaches, it's essential to stay informed about the important dates, filing tips, and extensions available to taxpayers. Whether you're a seasoned filer or a first-time taxpayer, understanding these key aspects can help make the process smoother and less stressful.

beautiful young blonde woman (business lady) sits in the office under the influence of stress. Idea of deadline

Important Dates

Mark your calendars with these crucial dates to ensure you meet the deadlines:

  • April 15, 2024: This is the deadline for most taxpayers to file their federal income tax return.
  • October 15, 2024: If you need more time to file, you can request an extension until this date.

Missing these deadlines can result in penalties and interest, so it's important to file on time or request an extension if needed.

Filing Tips

Here are some tips to help you navigate the tax filing process:

  1. Organize your documents: Gather all necessary paperwork, such as W-2s, 1099s, and receipts, before starting your return.
  2. Consider e-filing: Electronic filing is convenient, secure, and can help expedite your refund.
  3. Double-check your information: Ensure all details are accurate to avoid errors that could delay processing.

Following these tips can streamline the filing process and reduce the likelihood of errors on your return.

Extensions

If you're unable to file your return by the deadline, you can request an extension to avoid penalties. Here's what you need to know:

  • File Form 4868: Submit this form by the original due date of your return to request an extension until October 15.
  • Pay any estimated taxes: While an extension grants more time to file, it doesn't extend the deadline for paying any taxes owed.

Keep in mind that filing for an extension gives you more time to submit your return but doesn't extend the deadline for paying any taxes owed.

Final Thoughts

As Tax Day 2024 approaches, staying informed about important dates, filing tips, and extensions is crucial for a smooth tax filing experience. By being proactive and organized, you can navigate the process with confidence and ease. Remember to file on time or request an extension if needed to avoid penalties and interest. Happy filing!

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