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29, 2024, as the official start date of the nations 2024 tax season when the agency will begin accepting and processing 2023 tax returns. The IRS expects more than 128.7 million individual tax returns to be filed by the April 15, 2024, tax deadline.
The filing season for 2023 tax returns starts on January 29, 2024. The IRS will begin processing tax returns on that day.
For Immediate Release Sacramento -- The California Franchise Tax Board today confirmed that most Californians have until November 16, 2023, to file and pay their tax year 2022 taxes to avoid penalties.
In the U.S., the tax year for individuals runs from Jan. 1 to Dec. 31 and includes taxes owed on earnings during that period. For example, taxes withheld or owed for earnings during the calendar year 2023 would be included on the tax return sent to the Internal Revenue Service (IRS) by most taxpayers in 2024.
A tax year is usually 12 consecutive months. There are two kinds of tax years: Calendar Tax Year: This is a period of 12 consecutive months beginning January 1 and ending December 31; or. Fiscal Tax Year: This is a period of 12 consecutive months ending on the last day of any month except December.
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What is Financial Year? The Financial Year can be simply defined as a period of 12 months in which income is earned. Any revenue generated between April 1, 2022, and March 31, 2023, will be assessed for the current Fiscal Year (FY) 2022-23.
Calendar Year Taxes for a given calendar tax year are typically due the following April. In other words, taxes on income earned between January 1 and December 31st of 2022 are due in April of 2023. Income earned before and after 2022 will typically not affect your 2022 taxes.

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