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What happens if I file my taxes after April 18?

Penalties and interest apply to taxes owed after April 18 and interest is charged on tax and penalties until the balance is paid in full. Filing and paying as much as possible is key because the late-filing penalty and late-payment penalty add up quickly.

What time is the tax deadline 2023?

For most taxpayers, Tuesday, April 18, 2023 was the deadline to pay taxes on income earned in 2022, also known as tax day. If you filed a tax extension, you should have paid already, but now have until Oct. 16 to file your tax return. Tax day is customarily on April 15.

Is the tax filing deadline for 2023 extended?

Due to the severe storms that hit California this winter, the Internal Revenue Service (IRS) and Franchise Tax Board (FTB) announced that tax deadlines for State and Federal taxes have been extended for most Californians to October 16, 2023.

Why are taxes due on April 18 2023?

April 18 marks the deadline for taxpayers to file their annual returns. Tax Day is typically April 15, but because that date falls on a Saturday, and due to a Washington, D.C. holiday on Monday, the filing deadline was pushed to April 18.

What changes is the IRS making to 2023 taxes?

For single taxpayers and married individuals filing separately, the standard deduction rises to $13,850 for 2023, up $900, and for heads of households, the standard deduction will be $20,800 for tax year 2023, up $1,400 from the amount for tax year 2022.

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Did the IRS extend the tax deadline for 2023?

Due to the severe storms that hit California this winter, the Internal Revenue Service (IRS) and Franchise Tax Board (FTB) announced that tax deadlines for State and Federal taxes have been extended for most Californians to October 16, 2023.

What is the tax deadline for 2023 IRS?

April 18 tax deadline: This year, the filing deadline is April 18 for most taxpayers, but automatic six-month extensions of time to file are available for anyone for free.

Will taxes be delayed in 2023?

SACRAMENTO In addition to tax relief measures that Governor Gavin Newsom announced in January, California is also extending the state tax filing and payment due dates to October 16, 2023 for Californians impacted by the winter storms in December and January.

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