October 15 marks the final deadline for most taxpayers who requested an extension to file their 2023 federal income tax returns. Whether you’re filing electronically or by mail, ensure your return is postmarked by this date to avoid penalties and interest.
Key Reminders for Last-Minute Filers:
- Double-check your work: Verify the accuracy of your entries, including identification numbers, amounts, and calculations.
- Consider direct deposit: Opt for direct deposit to receive your refund faster and avoid potential mail theft.
- Utilize Free File: Take advantage of the IRS’s Free File program, available through October 15 for taxpayers with an adjusted gross income of $79,000 or less.
- Pay your taxes: If you owe taxes, make sure to pay the full amount or as much as you can by the deadline.
Disaster Relief for Affected Taxpayers:
Taxpayers residing in federally declared disaster areas may qualify for extended filing and payment deadlines. The IRS automatically provides relief to those in affected regions. Visit the IRS website for the latest updates on disaster areas and eligible relief.
Don’t procrastinate any further. The October 15 deadline is absolute. Filing your return on time will help you avoid penalties and interest charges. Consider consulting with a tax professional for guidance and to ensure you’re taking advantage of all available deductions and credits.