To keep you from paying tax penalties and all the hassles that come with it, it is necessary to know when are taxes due. If you have an idea of when and what to file, it will save you from stress come tax time. Mark the due dates on your calendar and avoid paying extra fees. Below are the tax deadlines you’ll need to know.
When are Taxes Due? | Avoiding Tax Penalties and Fees
January 16, 2018
Don’t miss your tax deadlines: these are the due dates for W-2, 1099 and other tax forms in 2018 https://t.co/oaiVtc1xHk pic.twitter.com/kGmmK2t2ft
— Forbes (@Forbes) January 16, 2018
Estimated Tax Payment Due for the 4th Quarter of 2017 – This is the due date if you still have other 4th quarter income, which demands you to pay quarterly estimated taxes or if you’re self-employed. You need to postmark them by January 15, 2018, which is the tax deadline.
April 17, 2018
- Tax Year 2017 Individual Tax Returns Due Date – This is the deadline for your 2017 personal or calendar year estates or trust tax returns.
- Tax Year 2017 Individual Tax Return Extension – If you still require extra time to do your tax returns, now is the right time to file for an extension. This will make October 15, 2018, your new deadline.
- Estimated Tax Payment Due for the 1st Quarter of 2018 – This is the due date for the first installment of estimated tax payment for 2018.
- Due Date to pay your IRA Contribution for 2017 – This is the time to send funds to your 2017 retirement account. This is the due date for the traditional IRA contribution whether it’s deductible or not. But if you filed for an extension to October 15, 2018, you can just simply wait until the said date to put money in your account.
June 15, 2018
Estimated Tax Payment Due for the 2nd Quarter of 2018 – This is the due date for the second installment of your estimated tax payments for 2018. Also, this date is the deadline to file your 2017 individual return if you’re a U.S. citizen or residents working and living abroad. This includes military duty.
September 17, 2018
Estimated Tax Payment Due for the 3rd Quarter of 2018 – This is the due date for the third installment of your estimated tax payments for 2018. Your payment must be postmarked by this date. And if you haven’t filed your 2017 partnership or S corporation tax return, this date is your final deadline.
October 1, 2018
If you happen to file an extension, this date is your final due date to finish your 2017 trust or estate tax return.
October 15, 2018
Extended Individual Tax Return Due – If you filed for an extension, this is the final deadline for filling your 2017 personal tax return. Also, you need to complete and postmark it by this date.
October 20, 2018
This is the due date to resubmit your declined return that was e-filed on or before October 15.
Want more info about tax due dates? Watch this video from TaxProblemsHelp and know when are taxes due.
If you need more time to file your taxes past the due date, you can always file for an extension. Just make sure you file the extension well before the due date. It is better if you know when taxes are due and the things you need to file to avoid penalties or extra fees. Mark the dates and prepare your tax returns accurately, so everything will go smoothly when tax day arrives.
Have you missed a deadline for your tax payment before? Share your experience with us in the comments below!