Key Federal Tax Deadlines for 2023
Each year, the last day to file your individual federal tax return is typically April 15, unless the date falls on a weekend or holiday or there is a widespread disaster, such as COVID-19. This year, the deadline is April 18, 2023, but this is just one of the many dates to keep in mind.
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Thomas J. Brock, CFA®, CPA
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- Individual income tax returns are typically due by April 15, unless the date falls on a weekend or holiday. That said, the IRS is very lenient when it comes to granting a six-month extension.
- Generally, partnerships, multi-member limited liability companies (LLCs) and S corporations (S corps) must file their income tax returns by March 15, unless they operate on a fiscal year. Similar to individual returns, a six-month extension is available.
- In addition to the tax filing deadline, businesses must also comply with distribution deadlines for W-2s and 1099s.
- Self-employed individuals need to comply with deadlines for making quarterly estimated tax payments to avoid underpayment penalties.
What Is the Individual Federal Income Tax Deadline for 2023?
The last day to file individual federal income tax returns is usually April 15, unless this date falls on a weekend or holiday. For 2023, April 15 falls on a Saturday, which pushes the deadline to Monday, April 17. However, Monday is Emancipation Day, which defers the deadline to Tuesday, April 18.
What Is the Deadline To File an Extension?
Typically, the Internal Revenue Service (IRS) will grant a six-month extension of the tax filing deadline to anyone who requests it. You can request an extension by filing Form 4868. If you opt for an extension this year, your filing deadline will be Oct. 16, 2023.
Note that the extension gives you more time to file your return, not more time to pay your tax obligation. If you have not withheld an adequate amount of federal taxes from your paychecks or made estimated quarterly payments for other than W-2 income, you need to estimate the amount of tax you owe and make a payment to the IRS by April 18, 2023.
For U.S. citizens and resident aliens living abroad, the tax filing deadline for 2022 returns is June 15, 2023.
What Are Other Federal Tax Deadlines for 2023?
For partnerships, multi-member limited liability companies (LLCs) and S corporations (S corps), income tax returns are typically due on or before March 15, unless they operate on a fiscal year basis.
For businesses that operate on a fiscal year basis, returns are typically due on or before the 15th day of the third month after the close of the fiscal year. In instances where the due date falls on a weekend or holiday, the due date is moved to the next business day.
In addition to the tax filing deadline, businesses also need to be aware of the deadlines for distributing W-2s and 1099s to their labor forces. For self-employed individuals, you need to be aware of the deadlines for making quarterly estimated tax payments to avoid underpayment penalties.
Filing Item | Deadline | Extension Deadline |
---|---|---|
Submission of W-2 Forms to Employees | Jan. 31, 2023 | N/A |
Submission of 1099 Forms to Contractors | Jan. 31, 2023 | N/A |
Tax Returns for Partnerships, LLCs and S Corps | March 15, 2023 | Sept. 14, 2023 |
Q4 2022 Estimated Payments | Jan. 16, 2023 | N/A |
Q1 2023 Estimated Payments | April 18 2023 | N/A |
Q2 2023 Estimated Payments | June 15, 2023 | N/A |
Q3 2023 Estimated Payments | Sept. 15, 2023 | N/A |
Q4 2023 Estimated Payments | Jan. 15, 2024 | N/A |
Other Important 2023 Tax Dates
Beyond the deadlines outlined above, there are several other important tax dates to keep on your personal-finance radar. These dates pertain to when the IRS begins accepting certain information, due dates for certain forms and actions and cut-off dates for making contributions to IRS-qualified savings plans.
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Jan. 23, 2023
The commencement of the 2023 tax season. This is the first day the IRS will begin accepting and processing 2022 tax returns.
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Feb. 15, 2023
The deadline to reclaim your exemption from W-2 withholdings. If you claimed an exemption from W-2 withholdings last year, you need to refile a Form W-4 to continue the exemption. Doing so only makes sense if you anticipate having no tax liability.
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April 3, 2023
The deadline for taking your first annual required minimum distribution (RMD) if you turned 72 in 2022.
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April 18, 2023
The deadline to make individual retirement account (IRA) and health savings account (HSA) contributions for the 2022 tax year.
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Dec. 31, 2023
The deadline for taking your annual RMD, assuming you’ve been responsible for taking one in previous years. If you’ve never had to take one, the Secure 2.0 Act of 2022 may have extended things for you. Unless you reach the age of 73 prior to the end of 2023, you do not need to begin taking an RMD this year. Incidentally, if you turned 72 in 2022, after taking your first RMD by April 1, 2023, you must also take your 2023 RMD by the end of the year.
All dates noted are subject to change by the IRS. As a result, it’s a good idea to periodically check the IRS website for updates throughout the year.
Other Frequently Asked Questions About Tax Deadlines
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6 Cited Research Articles
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- State of California. (2023, January 13). Tax Relief for Californians Impacted by Storms. Retrieved from https://www.gov.ca.gov/2023/01/13/tax-relief-for-californians-impacted-by-storms/
- Internal Revenue Service. (2023, January 11). About Form W-4, Employee's Withholding Certificate. Retrieved from https://www.irs.gov/forms-pubs/about-form-w-4
- Internal Revenue Service. (2023, January 5). About Form 1040-X, Amended U.S. Individual Income Tax Return. Retrieved from https://www.irs.gov/forms-pubs/about-form-1040x
- Internal Revenue Service. (2023, January 5). Additional Information on Payment Plans. Retrieved from https://www.irs.gov/payments/payment-plans-installment-agreements
- Internal Revenue Service. (2022, October 3). About Form W-2, Wage and Tax Statement. Retrieved from https://www.irs.gov/forms-pubs/about-form-w-2
- Internal Revenue Service. (2022, September 13). About Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. Retrieved from https://www.irs.gov/forms-pubs/about-form-4868
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