Although millions of American taxpayers have already filed their 2023 tax returns in 2024, thousands have not done so yet. For those who requested an extension, the IRS has set a crucial deadline that must not be missed.
IRS Next Deadline For Taxpayers
October 15 Deadline
The IRS deadline for taxpayers who filed for an extension is October 15, 2024. This means that there are less than three months left to file your 2023 tax return.
While the extension provides additional time to file, it does not extend the time to pay any taxes owed. Taxes were still due by the original April 15, 2024, deadline. Failure to pay on time may result in penalties and interest.
Automatic Extensions for Disaster Areas
Some taxpayers may have qualified for an automatic filing extension if they live in areas affected by natural disasters. To check if your area qualifies for an automatic extension, visit the IRS disaster relief page at Tax Relief in Disaster Situations.
Special July 15 Extension
Certain taxpayers may have received an extension only until July 15. It is crucial to be aware of the specific extension granted to ensure compliance with IRS deadlines.
Legal Holidays and Weekend Adjustments
If October 15 falls on a legal holiday, Saturday, or Sunday, the deadline is postponed to the next business day. Ensure that your envelope is addressed, postmarked, and deposited by the due date to avoid any late filing issues.
Filing and Payment Statistics
As of May 10, 2024, the IRS had received 144,018,000 tax returns, reflecting a 2.6% increase in visits to the IRS website for tax season information.
Average Refund Amounts
- Average Refund: $2,869
- Average Direct Deposit: $2,960
This represents about a 2% increase in average refund amounts and a 3.1% increase in direct deposit refund amounts compared to 2023.
Preparing for the Deadline
Gather Your Documents
Ensure you have all necessary documents, including W-2s, 1099s, and other relevant financial records, to accurately complete your tax return.
Use IRS Free File
If you need to request a filing extension in the future or want to file electronically, the IRS Free File service is available to help.
Check Your Status
Visit the IRS website to check your filing status and for any updates or changes to tax laws that might affect your return.
With the October 15 deadline fast approaching, it is essential for extension filers to complete and submit their 2023 tax returns promptly.
Delaying beyond this deadline can result in penalties and interest. Utilize available resources and ensure all documents are in order to avoid any last-minute complications.
FAQs
When is the deadline for extension filers to submit their 2023 tax returns?
The deadline is October 15, 2024.
Does the extension also extend the time to pay any taxes owed?
No, the extension only provides additional time to file, not to pay. Taxes were due by April 15, 2024.
What happens if October 15 is a holiday or weekend?
The deadline is moved to the next business day.
How can I check if I qualify for an automatic extension due to a disaster?
Visit the IRS disaster relief page at Tax Relief in Disaster Situations.
What is the average refund amount for 2024?
The average refund amount is $2,869, with direct deposit refunds averaging $2,960.
