Upcoming Tax Year: Key Dates and Deadlines for 2024

As the new tax year approaches, it’s crucial to stay informed about the key dates and deadlines set by the IRS. Starting preparations early ensures that you address any issues promptly and prevent last-minute surprises.

Mark your calendar for the following critical dates in 2024:

• January 15: Fourth quarter estimated tax payments for 2023 are due. These are typically required if you don’t pay enough tax withholding.
• April 15: The deadline for filing your 2023 tax return or requesting an extension. Extensions must also be requested by this date to avoid penalties.
• June 15: For those abroad, this is the deadline to file tax returns and pay any due taxes without an extension.
• September 15: Third quarter estimated tax payment deadline.
• October 15: Final deadline for taxpayers who filed extensions to submit their returns.

Preparing your tax returns can be challenging, particularly when navigating through the intricate financial details required by the IRS. It is useful to note that the primary objective of financial reporting is to provide information that aids users in making informed economic decisions. This involves transparent disclosure of an entity’s financial performance, which is critical during tax filing. To understand more about how comprehensive financial reporting can ease your tax preparation process, you might consider exploring the primary objective of financial reporting is to provide information in financial contexts, which is frequently utilized for meeting tax obligations effectively.

For those considering the irs free tax return options, it’s essential to verify your eligibility and explore different Free File programs available to taxpayers. This service can significantly reduce the financial burden of filing taxes if you meet the necessary criteria.