Key Tax Filing Dates for 2024
- January 16, 2024: Fourth quarter estimated tax payment deadline for 2023
- January 29, 2024: IRS begins accepting and processing 2023 tax returns
- January 31, 2024: Deadline for employers to send W-2 forms and file with Social Security Administration; 1099 forms must be sent to recipients
- April 15, 2024: Standard deadline for filing 2023 tax returns and paying taxes owed
- June 17, 2024: Second quarter 2024 estimated tax payment due
- October 15, 2024: Extended filing deadline (if extension requested by April 15)
State-Specific Exceptions
- Maine and Massachusetts residents: Due to Patriots' Day observance, deadline extended to April 17, 2024
- Washington, D.C. residents: Due to Emancipation Day, deadline extended to April 17, 2024
Filing Options and Requirements
Filing Status Options
- Single
- Married Filing Jointly
- Married Filing Separately
- Head of Household
- Qualifying Widow(er)
Filing Methods
- E-filing: Recommended by the IRS for faster processing and quicker refunds
- Paper Filing: Must be postmarked by the deadline
- Tax Software: Popular options like TurboTax or H&R Block
- Professional Assistance: Recommended for complex financial situations
2023 Tax Brackets (Single Filers)
| Tax Rate | Taxable Income Range |
|---|---|
| 10% | $0 - $11,000 |
| 12% | $11,001 - $44,725 |
| 22% | $44,726 - $95,375 |
| 24% | $95,376 - $182,100 |
| 32% | $182,101 - $231,250 |
| 35% | $231,251 - $578,125 |
| 37% | $578,126 or more |
Important Changes for 2023
Standard Deduction Increases
- Single filers: $13,850 (up $900)
- Married filing jointly: $27,700 (up $1,800)
- Head of household: $20,800 (up $1,400)
Tax Credits and Deductions
- Earned Income Tax Credit (EITC): For low-to-moderate-income workers
- Child Tax Credit: For qualifying children
- Education Credits: American Opportunity Credit and Lifetime Learning Credit
- Energy Tax Credits:
- Clean Vehicle Credit (up to $7,500)
- Energy Efficient Home Improvement Credit
- Residential Clean Energy Credit
Payment Options
- Direct payment from bank account (free)
- Credit or debit card (fees apply)
- IRS payment plans
- Check or money order
"The earlier you file, the sooner you'll receive any refund due. The IRS typically issues refunds within 21 days for electronically filed returns."
Avoiding Penalties
- File your return on time, even if unable to pay full amount
- Pay at least 90% of tax liability by April deadline
- Consider IRS payment plans if unable to pay in full
- Keep copies of all tax documents for at least three years
Resources
Remember to check state-specific deadlines and requirements, as they may differ from federal guidelines. For the most current information, visit the IRS website or consult with a qualified tax professional.