The IRS is issuing a crucial reminder to taxpayers about an upcoming deadline: October 15, 2024. This deadline applies to those who requested or received an automatic extension for filing their 2023 tax returns. With this important date approaching, now is the time to ensure you’re prepared to file your return and avoid penalties.
If you haven’t filed your 2023 tax return yet, don’t wait until the last minute—get it done now to reduce stress and potential complications.
IRS
Taxpayers in certain states or U.S. territories may qualify for an automatic filing extension if they’ve been affected by natural disasters such as hurricanes, floods, or wildfires. The IRS offers tax relief to those in federally declared disaster areas. If you think you might qualify, visit the official IRS website for updates on disaster relief areas: IRS Disaster Relief.
This relief can extend the tax filing deadline and delay payment requirements, offering much-needed support during times of hardship. While the original tax payment deadline for 2023 was April 15, 2024, some taxpayers have yet to settle their debts. If this applies to you, it’s essential to pay your taxes as soon as possible to avoid accumulating interest and penalties.
Deadline
For most taxpayers, October 15, 2024, is the final deadline to file a 2023 tax return if you’ve requested an extension. Missing this deadline could lead to further penalties and interest charges.
The IRS encourages taxpayers to file before this date to avoid last-minute stress. The sooner you file, the sooner you can resolve any issues and, if applicable, receive your tax refund.
Additionally, electronic filing is still available, and tax preparers can help expedite the process. The IRS also provides online resources to help taxpayers through the filing process, ensuring you’re prepared to meet the deadline with all required documentation.
Extended Deadlines
As of September 10, 2024, the IRS has extended tax filing deadlines for certain residents in New York and Connecticut who were impacted by severe storms, flooding, and landslides. Taxpayers in the following counties may be eligible for tax relief:
- Suffolk County, New York
- Fairfield, Litchfield, and New Haven Counties, Connecticut
Residents of these areas now have until February 3, 2025, to file their federal individual and business tax returns and make any outstanding tax payments. This extension offers much-needed breathing room for those recovering from the effects of natural disasters.
To stay informed about additional updates and areas that may qualify for relief, visit the IRS’s official page on disaster relief: IRS Tax Relief for Connecticut and New York.
Avoid Penalties
To avoid penalties and interest charges, taxpayers are urged to meet the October 15 filing deadline and ensure any outstanding payments are made. Even if you’re unable to pay your full tax bill, filing on time can help reduce penalties. The IRS provides payment plans and other options to assist taxpayers in meeting their obligations.
For those affected by natural disasters, staying updated on IRS announcements is key to knowing whether you qualify for relief and any additional extensions.
With the October 15, 2024, tax filing deadline approaching fast, taxpayers who requested extensions should file their 2023 returns as soon as possible. For those in disaster-affected areas of New York and Connecticut, the IRS has extended deadlines to February 3, 2025, offering more time to file and pay taxes.
Stay informed by visiting the IRS’s official website for the latest updates on tax relief and deadlines to avoid penalties and maximize your tax benefits.
FAQs
When is the deadline to file my 2023 tax return if I received an extension?
The deadline is October 15, 2024.
What happens if I miss the October 15 deadline?
You may face penalties and interest for late filing and payment.
Can residents affected by natural disasters get an extension?
Yes, residents in certain parts of New York and Connecticut have until February 3, 2025.
Where can I check if my area qualifies for an extension?
Visit the IRS’s disaster relief page for up-to-date information.
What should I do if I can’t pay my taxes by the deadline?
File your return on time and investigate IRS payment plans to avoid additional penalties.
