You have from January 20 until April 15, 2015 to file your 2014 taxes or file an extension.
Tax season, it’s the best season of all. Okay, we’re joking.
Even if you hate tax season, it’s important to keep in mind the tax deadlines. Knowing the tax deadlines will prevent you from filing late and paying penalties.
The first deadline you should be aware of is April 15. This is the last day to you’ll be able to file an extension or file your tax return by before your tax return is considered late.
April 15th tax deadline
Each year, April 15th is “Tax Day” aka the last day to file a tax return. Americans everywhere scramble to file their taxes on time. Some of these procrastinators don’t even file on time.
That means you have from January 20, 2015 until April 15, 2015 to file your 2014 tax return. If you don’t plan on filing by the April 15th deadline, you should file an extension.
To request an extension, all you have to do is file Form 4868 [Application for Automatic Extension of Time to File U.S. Individual Income Tax Return] and the IRS will grant you an additional six months, until October 15, to file your return.
Do note, however, that the IRS requires you to estimate and pay your tax liability before it will grant you an extension. So even though you may be able to put off all the paperwork, you won’t be able to delay paying. (more…)
