![]() ![]() Have any records of 2022 financial transactions on hand as well, including records for any cryptocurrency or other digital assets you bought or sold last year. You'll also need receipts for any expenses that are deductible or for which you plan to claim a tax credit. YATI Tip: What tax bracket are you in? Find out here. This isn’t an exhaustive list, by the way: There are many other “information forms” you could receive, too. Schedule K-1 forms (if you have ownership interest in a small business).1098 forms reporting mortgage interest, student loan interest, or tuition paid in 2022. ![]() 1099 forms reporting other types of income, such as interest, dividends, Social Security benefits, payment from “gig” jobs, and more.❏ Gather Your Receipts + Tax DocumentsĬollect and organize all the documents and forms you’ll need to complete your return. Some cities, counties, or municipalities might also require local taxes, so be sure you keep abreast of those rules as well. However, a handful of states have a later due date, including Delaware (May 1), Hawaii (April 20), Iowa (May 1), Louisiana (May 15), New Mexico (May 1 if e-filed), Oklahoma (April 20 if e-filed), and Virginia (May 1). YATI Tip: Check out all the important tax deadlines in 2023 (they aren't just in April). In most cases, your state return will be due on April 18, just like your federal return. If you put too much money in an IRA for 2022, it's the last day to avoid a penalty by withdrawing the excess funds (unless you requested an extension).Īnd don’t forget about your state tax return (unless you live in a state with no income tax). April 18 is also the last day to contribute to an individual retirement account or health savings account for the 2022 tax year. If you're self-employed or have other income not subject to tax withholding, the first estimated tax payment for the 2023 tax year is also due that day. Plus, if you’re looking for a tax preparer, you might not be able to find one if you wait until the last minute.īy the way, there's more to April 18 than just the tax return filing deadline. If you owe taxes, you’ll have more time to get the money together (you can file now, but pay in April). Filing early reduces the risk of tax return fraud, and you’ll get any tax refund sooner. This one’s easy: The deadline for filing your 2022 individual federal income tax return is April 18, 2023.īut don’t wait until the deadline to file your return. But you need to file a return to get that refund check! ❏ Know The Deadline For instance, it might trigger a tax refund if you can claim certain “refundable” tax credits, had taxes withheld from your paycheck (or other income), or paid estimated taxes in 2022. On the other hand, even if you’re not required to file a return, sometimes you’ll want to file one anyway. YATI Tip: Does your child have to file a tax return? The rules differ for minor children. ![]()
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