When Can You File Taxes for 2025? A Guide for Personal and Business Filers

The IRS encourages electronic filing, as it speeds up the process and reduces errors. Another important step is determining whether you’ll need to file electronically or on paper. If you operate a business, maintain detailed records of income and expenses. Ensure that your personal information, such as your Social Security number and address, is up to date with your employer and financial institutions to avoid delays in receiving tax forms.

In 2025, this deadline falls on a Tuesday, marking the last day to file your federal income tax return or request an extension. But because the extension only applies to filing a tax return, taxpayers must still pay any taxes owed by the April 15 deadline. However, extensions do not allow taxpayers extra time to pay taxes, only to file returns. Do not take these dates as exact predictions, as all taxpayers have different tax returns, documents, incomes, and other situations. Fortunately, the IRS is usually pretty timely in sending refunds to most income tax filers (at least those who file on time, and without too many complicated issues on their returns).

Our Tax Experts can gather your slips, prepare your return, and have everything ready – we just can’t hit “submit” until EFILE opens on February 23. You can come in any time before February 23. In Ohio, you can check your refund status through the Department of Taxation’s online portal.

These can significantly reduce your tax liability or increase your refund. For business owners, tax deadlines can be more complex. Filing early can be beneficial, especially if you’re expecting a refund. Filing your taxes doesn’t have to be stressful. For those paying for college, education credits like the American Opportunity Credit or Lifetime Learning Credit can cut costs.

Tax season is officially underway. Here’s when you’ll get your refund in 2026.

By taking proactive steps, organizing your documents, and seeking professional advice when needed, you can navigate the tax season with confidence and ease. This penalty typically applies when you owe more than $1,000 in taxes after subtracting withholding and refundable credits. If you fail to pay enough taxes through withholding or estimated payments throughout the year, the IRS may assess an underpayment penalty.

Tax Credits and Deductions to Keep in Mind

You may qualify for penalty relief if you have a valid reason for filing late, such as a natural disaster or serious illness. Think about arranging a payment plan with the IRS to pay the amount you owe in installments. Even if you are unable to pay the entire amount, make as much as you can. Many states also offer online tools to track the status of your refund.

Tax Season: First Day You Can File Taxes and Other Key Dates

If your IRS income tax refund is delayed after you’ve filed, ask your tax professional, or simply use the “Where’s My Refund? If the IRS starts accepting returns at the end of January, as is usual, that means that someone who is able to file right away and are a due a refund, can often see the refund as early as mid- or late February if they have it direct deposited. In that time, the country has gone through three presidents, numerous tax law changes, several government shutdowns, and the pandemic in 2020 that caused the most dramatic changes to the income tax filing calendar than ever before. The coming income tax filing season is only a few weeks away, and there are still a few questions and uncertainties. You’ll need your Social Security or individual taxpayer ID number (ITIN), your filing status and the exact refund amount on your return. As a result, most taxpayers must provide the tax agency with their bank routing and account numbers to receive their refund through direct deposit.

• From year to year, the Internal Revenue Service (IRS) updates its tax guidelines, which can result in some Americans see more or less money or different deadlines.
• Your deadline to file taxes in 2025 depends on the type of return you’re filing.
• Understanding these options can make a significant difference in your tax outcome.
• This penalty typically applies when you owe more than $1,000 in taxes after subtracting withholding and refundable credits.
• For taxpayers who filed a paper return, refund information is normally available after four weeks.
• If you file after the April due date, don’t include any interest or penalties on your amended return.

How to Prepare for the 2025 Tax Season

To estimate your 2025 tax liability, use IRS Publication 505 or Form 1040-ES. You must pay an estimated amount by April 15 to avoid penalty and interest. Submit Form 4868 by April 15 to get an automatic extension until October 15, 2025. April 15 is the deadline—mark it on your calendar. The Internal Revenue Service flags duplicate filings, so beating scammers to the punch is smart planning.

Paper returns, however, can take four weeks or more. You can expect your tax refund in a month or less, in most cases. Benjamin Franklin famously said that “death and taxes” are the only two certainties in this world. The IRS also notes that starting Jan. 1, 2025, people will no longer be able to buy paper Series I savings bonds with their tax refund. To launch the chatbot, the taxpayer https://fohoresale.com/2025/10/08/how-are-top-sided-entries-booked-in-accounting/ simply clicks on the “Chat” button in the lower right corner of the webpage. The chatbots use natural language processing and understanding to interpret the input from the taxpayer to provide an appropriate response.

What Are the Key 2025 Tax Deadlines for Individuals and Businesses?

With the IRS expecting at least 140 million individual tax returns by April 15, the agency recommends taxpayers submit returns as early as possible. Eligible taxpayers can file their federal returns for free using guided tax preparation software. Some taxpayers can file their federal returns as early as today. If you miss the tax filing deadline and owe taxes, you can face failure-to-file penalties, http://institutoifce.com/web/bookkeeping/solution-responsibility-accounting-system/ failure-to-pay penalties, and interest on the amount owed.

You will later receive an electronic acknowledgement that the IRS has accepted your electronically filed return. If you use a fiscal year (tax year ending on the last day of any month other than December), your return is due on or before the 15th day of the fourth month after the close of your fiscal year. Simple Form 1040 returns only (no schedules, except for EITC, CTC, student loan interest, and Schedule 1-A).

• At the end of the free trial, you’ll automatically be charged $99.00 USD, plus applicable tax on a monthly basis on your account’s billing date until you cancel.
• A smaller penalty of 0.5% is added if you file a return but fail to pay any taxes you owe, or if you get an extension on your return but fail to pay your owed taxes.
• In particular, taxpayers with the Earned Income Tax Credit, Child Tax Credit, and a few other credits generally have their refunds delayed by about one month while the IRS confirms eligibility for these credits.
• Her success is attributed to being able to interpret tax laws and help clients better understand them.
• Although the IRS will not begin accepting tax returns until Jan. 27, taxpayers have several options available now to get a head start on their taxes.

Check the IRS’s website or consult a tax professional for details regarding qualifications and extended deadlines in your area. No, the deadline to make contributions to an Individual Retirement Account (IRA) for the 2024 tax year is April 15, 2025. The IRS provides tax relief for individuals and businesses affected by federally declared disasters. These penalties can quickly add up, creating a financial burden that can be avoided with timely action.

More can be done with continued investment in the nation’s tax system.” You must provide documentation like medical records, unemployment forms, or proof of income loss to support such claims. Qualifying circumstances for hardship/uncollectable situations include serious illness or injury, natural disasters, unexpected job loss, or sudden income reduction.

The IRS says that most refunds are issued within 21 days of accepting an electronic return. This year’s refund season could be even larger, with the typical check set to increase by an additional $1,000, financial services company Piper Sandler said in a recent analysis. Filers should check the IRS’s “Where’s My Refund” tool to get an update on the status of their return, with the agency typically providing information about 24 hours after an how early can you file taxes 2025 electronic filing. People who file electronically typically receive their refunds in less than 21 days, according to the IRS. Because the latter requires IRS employees to process the file, it can take much longer for these filers to get their refund checks. Our suite, including Provision, Fixed Assets, Workpapers, and Research, is designed to streamline your entire compliance filing process for tax professionals.