At some point every year, we all begin scrambling as we try to determine what tax forms we must file and when we must file them. The official deadline to file your federal income tax return each year is April 15th.
If you owe the IRS, you should already be planning how you are going to pay them since you have to pay taxes by April 15th even if you file for an extension.
In 2019, April 15th falls on a Monday, and it's not a holiday, so the filing deadline for 2018 tax returns is absolutely April 15, 2019. You can file for an extension as noted in the dates below.
The IRS will begin processing 2018 tax returns on January 28th, 2019.
Here are some important income tax filing deadlines you should be aware of:
Tax Filing Deadlines Organized by Date
January 31, 2019
Deadline for employers to mail out W-2 Forms to their employees and for businesses to furnish 1099 Forms reporting, among other things, nonemployee compensation, bank interest, dividends, and distributions from a retirement plan.
March 15, 2019
Deadline for corporate tax returns (Forms 1120, 1120-A, and 1120-S) for the year 2018, or to request an automatic six-month extension of time to file (Form 7004) for corporations that use the calendar year as their tax year.
April 15, 2019
Deadline to file individual tax returns (Form 1040) for the year 2018 or to request an automatic extension (Form 4868). An extension will give you an extra 6 months to file your return. However, your payment of the tax is still due by April 15th. You can submit your payment for taxes you owe with your extension form.
June 17, 2019
Deadline for U.S. citizens living out of the country to file individual tax returns or file Form 4868 for an automatic 4-month extension.
Some people end up waiting to the last minute because they don’t owe much in the way of taxes and they don’t have any cash reserves to cover the tax bill. If you owe less than $1,000 and don’t have the money by April 15, you may consider an online payday loan. Not paying the tax bill results in penalties and high interest and the IRS can even garnish wages and assets you have.
The best solution is to plan and save ahead for any tax bill for 2018, so you aren’t in a high-stress situation. However, if you are near the due date, you may consider an online payday loan if you have already exhausted any other ways to get the cash.
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