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Tax Day 2023: Last date to file Individual Tax Return

Post Last Updates by Ankit: Saturday, April 6, 2024 @ 1:43 PM

Tax Day 2023: Last date to file Individual Tax Return

Tax Day 2023: Last date to file Individual Tax Return
Tax Day 2023: Last date to file Individual Tax Return

The deadline for filing your individual tax return is approaching! To ensure a smooth tax assessment for the fiscal year, it’s essential to file your returns and disclose investments. If you haven’t done so already, visit to file your taxes. This return is for the tax year 2022–2023, covering the period from 1st April 2022 to 31st March 2023. The final date to file your tax return, known as Tax Day, is on the 18th of April 2023.

Tax Day 2023 Explained

Tax Day is the last date to submit your tax returns each year. While traditionally, the deadline was 15th April, recent events have led to changes. Due to the pandemic in 2020, the IRS extended the due date to July 15. Similarly, in 2021, Tax Day was on May 17 due to pandemic relief measures and tax code modifications. For the tax year 2023, the Tax Day falls on 18th April 2023, extended from the usual date of 15th April. Check More on Sarkari Result

Taxes are generally due on April 15, but the IRS extended the deadline to the 18th of April 2023. If you have already filed your tax returns, well done! If not, consider applying for an extension to avoid late filing penalties. You can check the status of your federal refund on the IRS website,, and your Ohio return on the state division of taxes website.

Consequences of Missing Tax Day 2023

If you can’t file your income tax return by the due date, you can request an extension by submitting Form 4868 to the IRS either by mail or electronically. However, it’s best to file your taxes on time to avoid penalties and complications. While an extension grants you more time to file your return, it doesn’t extend the deadline for paying any taxes owed to the IRS. In certain circumstances, individuals residing in FEMA-designated disaster regions may receive an automatic delay without the need for application or contact with the IRS.

Penalties for Failing to File Taxes

If you fail to file your federal tax return by April 18 or don’t request a six-month extension, the IRS may issue a warning or letter. The penalties imposed will depend on how late you file your return and the amount owed in taxes. For the tax year 2023, there may be a failure-to-file penalty. However, if you have a valid reason for not fulfilling your tax duties, the IRS may consider waiving or reducing the penalty.

Amending Tax Returns and Claiming Refunds Beyond the Deadline

To request a refund of income taxes, you must file an Income Tax Return (ITR). If you miss the deadline, you still have until December 31 of the assessment year to submit a late return. However, there’s a fine of Rs. 5,000, which may be waived for individuals earning less than Rs. 5 lakh.

Requesting an extension will grant you more time to file your federal return, moving the deadline to October 18. Keep in mind that an extension only applies to filing and not to payment. If you can’t pay your tax bill in full by April 18, you can set up a payment plan on the IRS website to schedule affordable monthly payments, though interest fees will be applied.

Amending Tax Returns before the Deadline

Taxpayers can file an updated return under Section 139 if they wish to make changes to their initially filed return. This return should be filed using the same technique as the first one. However, Section 139 requires the taxpayer to submit the ITR after completing every step of the e-verification procedure.

In summary, the federal tax filing deadline for individuals and small businesses is April 18, 2023. This date marks the deadline for filing tax returns and paying any outstanding taxes related to the 2022 income. Keep in mind that state income tax deadlines may differ. The IRS begins accepting returns for the current tax year around January 23 and may extend deadlines for victims of federally declared disasters.

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