The tax filing deadline is approaching: what you need to know

NEW YORK — If you haven’t filed your 2022 taxes yet, keep in mind that the deadline to do so is approaching. Taxpayers have up to tuesday april 18 to present them.

This date is due to the fact that although the typical tax day is April 15, that day falls on a Saturday and Washington, DC celebrates Emancipation Day on April 17. That’s why the tax filing deadline has been extended to April 18.

People can also request more time to file their taxes by filling out a form that will give them an October 16 deadline.

If you don’t file your taxes by the due date, the IRS may charge penalties and interest.

The IRS typically begins receiving tax returns at the end of January to give taxpayers time to prepare the documents they need for the process. The agency reminded taxpayers to start preparing to file their taxes during the 2023 season so they are not caught off guard.

An updated “Steps to Prepare for Your Taxes” page, available on IRS.gov, outlines steps taxpayers can take to make the process easier. For example, the IRS encourages taxpayers to develop a paper or electronic record-keeping system to store tax information in one place for easy access.

On the other hand, the agency also recalled the changes that will be observed during this tax season in which, for example, certain tax credits return to 2019 levels. This means that the taxpayers concerned will probably receive a much lower reimbursement compared to the previous year. The changes include amounts for the Child Tax Credit (CTC), the Earned Income Tax Credit (EITC) and the Child Care and Dependent Care Credit.

Another change is related to Form 1099-K, which refers to third-party network and payment card transactions. Starting January 1, platforms like Zelle, Venmo, PayPal, and Cash App began reporting transactions over $600 to the IRS.

Here’s information on what you need to know to prepare for this tax season.

Video directed by Sandra Escallón.

WHAT IS THE TAX DEADLINE AND WHAT ARE OTHER IMPORTANT DATES?

Some important dates in the IRS tax calendar are that the tax filing deadline for April 18. And if you request a 6-month extension, the deadline is October 16.

If you don’t file your taxes by the due date, the IRS may charge penalties and interest.

Other important dates:

• June 15: If you are a U.S. citizen or resident who lives and works (or is on military service) outside the United States and Puerto Rico, you have until this date to file Form 1040 or Form 1040-SR and pay the taxes, interest and penalties due.

• September 15: Your estimated tax payment for 2023 is due on this date, if you don’t pay your income tax by withholding (or if you don’t pay enough tax that way). Use Form 1040-ES. This is the third installment of the estimated tax in 2023.

To see the full schedule go here.

Here you will find the official IRS tax calendar.

HOW CAN I CHECK THE STATUS OF MY TAX REFUND AND WHEN WILL I START RECEIVING IT?

You can use the IRS tool Where is my refund?or in English Where is my refund?which now allows you to track tax refunds going back two years.

To use the tool, you will need your Social Security or ITIN number, your marital status, and the exact amount of your expected refund.

Usually, refunds are generally issued within 21 days if you filed your tax return electronically or within 42 days if you filed your tax return on paper.

For all information on how to check federal and state tax refund status, go here.

An update of the study.