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Davidson News

Beat the Clock and File Your 2023 Returns Today – Tax Time Ticker!

IRS Begins Processing Filings

Tax Time Ticker: Beat the Clock and File Your 2023 Returns Today! (PHOTO: Marca.com)

Late Tax Documents Raise Concerns for Taxpayers

According to The Street, file your 2023 returns and the IRS started processing tax filings on January 29, 2024. People can begin filing their taxes right away. If you haven’t received your necessary tax forms by late February 2024, that’s a reason to be concerned. Forms that need to be mailed should have been sent by January 31. If you haven’t got them, it’s a good idea to check with your employer or if necessary contact the IRS for help in getting replacement forms.

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Tax Deadlines Dates and Extensions for 2023 Filers

The deadline to file your 2023 returns is April 15, 2024 but if you live in Maine or Massachusetts, you get a two-day extension until April 17, 2024, due to Patriot’s Day and Emancipation Day. If you can’t file your 2023 returns for an extension using Form 4868 before April 15 to extend until October 15, 2024. For quarterly taxpayers, key dates in 2024 adjust for weekends or holidays. Other tax-related dates include submitting Form W4 by February 15, 2024, if you’re exempt from employer withholding. The last day for 2023 IRA and HSA contributions is April 15, 2024. If you turned 73 in 2023, make your first required minimum distribution by April 1, 2024, with subsequent distributions due by December 31, 2024.

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