IRS will not give extensions on 2022 taxes

While the pandemic caused the 2020 and 2021 filing seasons to be plagued by delays due to tax changes and staffing shortages, the IRS appears to have returned to its regular calendar this year, giving taxpayers fewer extensions .
The IRS began accepting tax returns on January 24 and has issued nearly 30 million refunds so far, but keep in mind that April 18 is the last day for Americans to file if they don't want to face penalties and high interest on any tax debt, reported Telemundo47.

The deadline is usually April 15 of each year, unless the day falls on a holiday or weekend.
The pandemic in 2021 caused the Treasury Department and the IRS to extend this date to May 17.
But that is not the case for tax returns filed in 2022. For this year, the deadline is April 18, although it is possible to file an extension to October 15.
Remember that even if you request an extension, if you owe money, you must make income tax payments before April 18, 2022 to avoid interest and penalties.
The IRS requires taxpayers to figure their tax liability for the tax year and pay it when they apply for the extension or by the due date.
The due date of the income tax return is determined by April 15, Tax Day. When this day falls on a weekend or holiday, it is pushed back to the next business day.
Tax Day is extended into 2022 because April 15, 2022 is Good Friday and Easter. This pushes the deadline back to the next business day, which is Monday, April 18.
You can get more detailed information about when to file your tax return in IRS Publication 509, which is updated regularly and includes the entire tax calendar for the year.
However, taxpayers in Maine and Massachusetts have until April 19 due to the Patriots' Day celebration in those states.
The IRS also announced an extended tax filing date of May 16 for victims of winter storms in Tennessee, Illinois and Kentucky, and victims of wildfires and winter winds in Colorado.
The May 16 extension is limited to affected counties, which can be found on the IRS disaster tax relief page.

Miami Daily
Author: MiamiDiario JM 12:55 pm

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