As the year 2025 approaches, it's essential to stay on top of important tax deadlines to avoid penalties and ensure timely refunds. The deadline for taxes in 2025 is a crucial date that taxpayers need to keep in mind. In this article, we'll break down the key tax deadlines for 2025, including the deadline for tax returns, to help you plan and stay organized.
When Are Tax Returns Due in 2025?
The deadline for filing tax returns in 2025 is April 15, 2025. This is the standard deadline for individual taxpayers to submit their tax returns to the Internal Revenue Service (IRS). However, if April 15 falls on a weekend or a federal holiday, the deadline will be the next business day. For the 2025 tax year, April 15 is a weekday, so the deadline remains the same.
Other Important Tax Deadlines in 2025
In addition to the April 15 deadline, there are other important tax deadlines to keep in mind:
January 31, 2025: Deadline for employers to provide Form W-2 to employees and for financial institutions to provide Form 1099 to recipients.
April 15, 2025: Deadline for first-quarter estimated tax payments for the 2025 tax year.
June 15, 2025: Deadline for second-quarter estimated tax payments for the 2025 tax year.
September 15, 2025: Deadline for third-quarter estimated tax payments for the 2025 tax year.
January 15, 2026: Deadline for fourth-quarter estimated tax payments for the 2025 tax year.
What Happens If You Miss the Deadline?
Missing the tax deadline can result in penalties and interest on the amount owed. The IRS charges a penalty of 5% of the unpaid tax for each month or part of a month, up to a maximum of 25%. Additionally, interest accrues on the unpaid tax, starting from the original due date.
How to Avoid Penalties and Interest
To avoid penalties and interest, it's essential to file your tax return on time or request an extension. You can request an automatic six-month extension by filing Form 4868 by the original deadline. This will give you until October 15, 2025, to file your tax return. However, keep in mind that an extension to file is not an extension to pay, and you'll still need to make a payment by the original deadline to avoid penalties and interest.
Staying on top of tax deadlines is crucial to avoid penalties and ensure timely refunds. Mark your calendars for the key tax deadlines in 2025, including the April 15 deadline for tax returns. By planning ahead and filing on time, you can avoid unnecessary penalties and interest and keep your finances in order. If you're unsure about any aspect of the tax filing process, consider consulting a tax professional or seeking guidance from the IRS.
Source: Kiplinger
Note: The information in this article is subject to change, and it's always best to consult the IRS or a tax professional for the most up-to-date information on tax deadlines and regulations.
