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When Is Income Tax Day 2023? Key Deadlines & What You Need to Know
Table of Contents
1. Introduction
2. What Is Income Tax Day?
3. 2023 Federal Tax Day Deadline
4. Filing Extensions: How to Request and Key Dates
5. Penalties for Late Filing and Payment
6. State Tax Deadlines in California
7. Preparing for Tax Day: Checklist
8. How Maytor Business Solutions Can Help
9. Frequently Asked Questions (FAQs)
10. Next Steps & Contact Information
1. Introduction
Each year, Income Tax Day marks the deadline to file your federal tax return and pay any taxes owed. Missing this deadline can result in penalties and interest charges. This guide covers all you need to know about Income Tax Day for the 2023 tax year.
2. What Is Income Tax Day?
Income Tax Day (Tax Day) is the annual deadline set by the IRS for filing Form 1040 and settling tax liabilities. For most taxpayers, it falls on April 15, unless that date is a weekend or holiday.
3. 2023 Federal Tax Day Deadline
– **Original Deadline:** April 18, 2024
(April 15, 2024, was a federal holiday in Washington, D.C.)
– **Important Note:** The IRS extended the deadline by 3 days due to the holiday.
4. Filing Extensions: How to Request and Key Dates
– **Automatic Extension:** File Form 4868 by April 18, 2024, to receive a six-month extension.
– **Extended Deadline:** October 16, 2024
– **Payment Still Due:** Any tax owed must be estimated and paid by April 18, 2024, to avoid penalties and interest.
5. Penalties for Late Filing and Payment
– **Failure-to-File Penalty:** 5% of unpaid tax per month (max 25%).
– **Failure-to-Pay Penalty:** 0.5% per month (max 25%).
– **Interest:** Charged daily on unpaid balances from the original due date.
6. State Tax Deadlines in California
– **California Franchise Tax Board Deadline:** April 18, 2024
– **California Extension:** File Form FTB 3519 by April 18, 2024, for an automatic extension to October 16, 2024.
– **Note:** California does not grant additional time to pay—interest accrues on unpaid state tax.
7. Preparing for Tax Day: Checklist
– Gather W-2s, 1099s, and other income documents
– Collect receipts for deductions (charitable, medical, business)
– Confirm social security numbers for dependents
– Review last year’s return and IRS account transcript for carryovers
– Estimate taxes owed if filing an extension
8. How Maytor Business Solutions Can Help
Based in South Gate, CA, our Enrolled Agents (EAs) and CPAs assist with:
1. Deadline reminders and planning
2. Extension filing (Form 4868 & FTB 3519)
3. Accurate e-filing for federal and state returns
4. Penalty and interest minimization strategies
5. Audit support and IRS/FTB representation
“Maytor’s timely reminders kept me on track to file before Tax Day.”
— Ana G., small business owner
9. Frequently Asked Questions (FAQs)
Q: What if I miss the extension filing date?
A: You must pay estimated tax by April 18. Late filing after extension will incur additional penalties.
Q: Can I file past April for free?
A: You can file anytime, but penalties and interest accrue on unpaid tax after April 18.
Q: How do I know if I qualify for an extension to October?
A: All taxpayers can request the automatic six-month extension by filing Form 4868.
10. Next Steps & Contact Information
Stay ahead of Tax Day every year—schedule your free consultation:
– Phone: (562) 396-1872
– Email: info@maytorbsinc.com
– Address: 8432 State St, South Gate, CA 90240
– Hours: Mon–Fri, 9:30 am–6:00 pm
Maytor Business Solutions – Your partner for stress-free tax deadlines.
