For individuals who have yet to submit their tax returns, the clock is ticking. As Tax Day approaches, it’s essential to understand the deadline and what options are available for those who need more time.
The Last Day to File
In the United States, the Internal Revenue Service (IRS) sets the deadline for filing individual income tax returns each year. For 2025, the deadline is Tuesday, which marks a critical date for taxpayers. This is also known as “Tax Day.”
Why is Tax Day Important?
Filing taxes on time is crucial, as it determines when you’ll receive your refund or pay any overdue amount. Missing the deadline can result in penalties and interest charges, adding to your tax bill.
Still Haven’t Filed Your Taxes for 2025?
If you’re among those who haven’t filed their taxes yet, now’s the time to take action. Don’t worry if you’re unsure about the process or need more time to gather information. The IRS offers several options to help.
How to File an Extension Before Tax Day
For those who require extra time to file, a tax extension can provide a reprieve. By filing Form 4868 by midnight on April 15 (in this case, Tuesday), you’ll be granted six months to submit your original return and pay any taxes owed.
To file an extension before the deadline:
1. Download and complete Form 4868 from the IRS website or obtain it by calling 1-800-829-3676.
2. Sign the form and attach it with a check for $143 (or $157 if you’re filing electronically).
3. Mail or submit the form online, as required.
Don’t Miss Your Refund
If you’re expecting a refund, file your taxes on time to ensure you receive it promptly. The IRS will automatically process your return and issue a refund, which can take several weeks to arrive after the deadline has passed.
While filing taxes might seem daunting, taking advantage of available options like tax extensions can help alleviate stress. For those who have yet to submit their 2025 taxes, remember that Tax Day is just around the corner – don’t miss your chance to get back on track and receive any owed refund.
