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Taxes to be paid today: Last chance to file a tax return or tax extension on time

The time to file a 2021 tax return or tax extension is about to expire.

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This story is part of Tax 2022The range of CNET’s best tax software, and everything else you need to submit returns quickly, accurately, and on time.

Monday is your last opportunity Please fill out and submit the 2021 tax return On time (get one extra day, except for residents of Massachusetts or Maine).Mark the deadline for midnight-in your local timezone Electronic filing Or put a post mark on your tax return.

If you are unable to complete and submit your tax return by Monday, you will need to: Submit a tax extension, Especially if you are renting. IRS can be billed 5% failure to submit a penaltyIn addition to additional interest and fines. Free tax software favorite Cash App Taxes Not only will you submit the extension, but it will also help you complete the return. If you are expecting a refund, there is no penalty for submitting it late.

Although some states have different deadlines, most state income tax returns will also be paid on April 18.And of course, some states No need to file income tax Jeez.

Here are all the important dates for the 2022 tax season. This includes state tax due dates, extension deadlines, and when required. Expect a tax refund -Additional tips for a smooth and speedy filing experience.

For more information, The best tax software for 2022, Maximum tax change This year and Most important deductions and credits For this tax season.

When is the deadline for filing a federal tax return?

  • Deadline for submission to the federal government tax This year for most taxpayers April 18 (Monday)..
  • However, taxpayers in Maine and Massachusetts April 19 This is because Patriot’s Day is protected in these states.
  • The IRS has also announced an extension of the federal tax filing deadline for some winter storm victims. Tennessee, Illinois, KentuckyAnd victims of Colorado wildfire..Expansion May 16th Deadlines are limited to affected counties, IRS page on tax exemption in the event of a disaster..
  • In addition, if you belong to an overseas army as part of an emergency operation to support a battle zone or the US military, you may be permitted. Additional time to submit Your return.

When will the state tax be paid?

Of the 43 states that collect income tax, most meet the federal deadline of April 18, this year, with a few exceptions:

state

Submission date

Delaware

May 2, 2022

Hawaii

April 20, 2022

Iowa

May 2, 2022

Louisiana

May 16, 2022

Main

April 19, 2022

Maryland

July 15, 2022

Massachusetts

April 19, 2022

Nebraska

April 15, 2022

Oklahoma

April 20, 2022 (when submitting electronically)

Virginia

May 1, 2022

Note: New Hampshire does not tax income, but it does tax investment income and dividends, so residents may be required to file a state tax return. (Tennessee, which taxes only investment income, will comply with the April 18 deadline).

Please check with you State Department Revenue About the latest information and deadlines.

When is the deadline for submitting an extension?

You must submit your extension request by April 18 (19 April if you live in Maine or Massachusetts). However, you must submit the completed 2021 tax return by October 17, 2022.

With that in mind Submit the extension Don’t push back when you need to pay the IRS: To avoid slow penalties, you still need to submit a quote for what you owe. Extensions only give you more time to complete your return.

Some cash and coins on the American flag

Your state may have different tax deadlines than the IRS.

Sarah Tew / CNET

When can I expect a refund?

If you file electronically and choose direct deposit, the IRS says you can Expect a refund within 21 daysSuppose there is no problem with the return.

The IRS has already processed and issued more than 70 million returns in 2021. 52 million refunds..But the agency also caveat Especially about the delay in return processing due to the 2022 tax season complications favorite Stimulation payment When Expanded child tax credit..

“The pandemic continues to create challenges, but the IRS reminds people that there are important steps that can be taken to ensure that tax returns and refunds do not face processing delays,” said IRS Commissioner Chuck. Retig says. In the statement..

Piggy bank in a pile of money

Experts agree that direct deposits are the fastest way to get a refund from the IRS.

Sarah Tew / CNET

What happens if the tax payment deadline has passed?

If you are obliged to refund, there is no penalty for delaying the filing of federal taxes, depending on the state tax. Nevertheless, it is best to electronically file or postmark your personal tax return as soon as possible.

However, if you are borrowing IRS money, you will begin to incur fines and interest on any outstanding taxes that remain after the filing deadline. The penalty for late filing is 5% of the tax payable each month for late filing, and after 60 days the fee will increase to up to 25% of the balance payable.

There may also be a delinquency penalty of 0.5% of the tax payable each month of late repayment. Penalties increase up to 25% of unpaid taxes, depending on the time it takes to submit.

How can I check the status of my refund?

IRS Website Features Useful web-based tools This allows you to check the status of your refund (electronic or paper). There is also a mobile app, IRS2Go..

Refund status is typically accessible approximately 24 hours after electronic filing or 4 weeks after mailing. To verify your status, you must provide your Social Security number or ITIN, filing status, and the exact amount of your refund. If your status is “Received”, the IRS has received and processed your return. “Approved” means that a refund is in progress.

https://www.cnet.com/personal-finance/taxes/taxes-due-today-last-chance-to-file-your-tax-return-or-tax-extension-on-time/#ftag=CADf328eec Taxes to be paid today: Last chance to file a tax return or tax extension on time

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