Generally, April 15 is the official deadline for filing your federal income tax return each year, but that date isn’t carved in stone. The deadline moves to the next business day when April 15 falls on a Saturday, a Sunday, or a legal holiday, and other national events can shift it as well. For example. the tax filing deadline in 2022 is April 18. The Internal Revenue Service (IRS) typically begins processing tax returns in late January of each year, but you can start filing as soon as you have all of the necessary paperwork together. In this guide, you’ll learn all of the important dates to know in 2022 in order to ensure a smooth and easy tax filing process.
Tax Filing Deadlines in 2022
Deadlines for filing taxes typically fall within the same, general range. When it comes to filing your 2021 tax return, these are the dates you need to know about.
Receiving your W-2 Form: Your employer has until Jan. 31 to send you your W-2 form reporting your earnings. Most 1099 forms must be sent to independent contractors by this date as well. Individual income tax returns: April 15 falls on a weekday in 2023, but it is Emancipation Day which is celebrated in Washington, D.C., causing all businesses and government offices to close. Therefore, the filing deadline for your 2023 personal tax return—Form 1040 or Form 1040-SR—is Monday, April 18, 2022. Partnership and S-corporation returns (IRS Form 1065 IRS and Form 1120-S respectively): Returns for partnerships and S-corporations are generally due March 15. If you request an automatic six-month extension, though, this date is Sept. 15. Corporation income tax returns (IRS Form 1120): For corporations, the due date is April 18, 2023. The deadline for C-corp returns is typically the 15th day of the fourth month following the end of the corporation’s fiscal year if the corporation operates on a fiscal year, rather than a calendar year.
All 2022 Tax Deadlines by Date
Here are important dates in chronological order if you prefer to just flip through and mark them on your calendar. They include some additional to-do-by dates that might apply to you.
Tax Deadlines: January to March
Jan. 10, 2023: Deadline for employees who earned more than $20 in tip income in December to report this income to their employers on Form 4070. Jan. 17, 2023: Deadline to pay the fourth-quarter estimated tax payment for tax year 2022. Jan. 31, 2023: Your employer has until Jan. 31 to send you your W-2 form reporting your 2021 earnings. Most 1099 forms must be sent to independent contractors by this date as well. Feb. 10, 2023: Deadline for employees who earned more than $20 in tip income in January to report this income to their employers. You can use Form 1070 to do so. Feb. 15, 2023: Deadline for financial institutions to mail out Form 1099-B relating to sales of stock, bonds, or mutual funds through a brokerage account, Form 1099-S relating to real estate transactions; and Form 1099-MISC, unless the sender is reporting payments in boxes 8 or 10. Feb. 28, 2023: Deadline for businesses to mail Forms 1099 and 1096 to the IRS. March 1, 2023: Deadline for farmers and fishermen to file individual income tax returns unless they paid 2022 estimated tax by Jan. 18, 2022. March 10, 2023: Deadline for employees who earned more than $20 in tip income in February to report this income to their employers. March 15, 2023: Deadline for corporate tax returns (Forms 1120, 1120-A, and 1120-S) for tax year 2022, or to request an automatic six-month extension of time to file (Form 7004) for corporations that use the calendar year as their tax year, and for filing partnership tax returns (Form 1065) or to request an automatic six-month extension of time to file (Form 7004). March 31, 2022: Deadline for businesses to e-file Forms 1099 and 1098 to the IRS, except Form 1099-NEC.
Tax Deadlines: April to June
April 10, 2023: Deadline for employees who earned more than $20 in tip income in March to report this income to their employers. April 18, 2023: Deadline for household employers who paid $2,400 or more in wages in 2022 to file Schedule H for Form 1040. April 18, 2023: All individuals must file their 2022 personal tax returns, or Form 1040 or Form 1040-SR by this date. This is also the deadline to request an automatic extension (Form 4868) for an extra six months to file your return, and for payment of any tax due. May 10, 2023: Deadline for employees who earned more than $20 in tip income in April to report this income to their employers. June 12, 2023: Deadline for employees who earned more than $20 in tip income in May to report this income to their employers. June 15, 2023: Deadline for second-quarter estimated tax payments for the 2022 tax year. June 15, 2023: Deadline for U.S. citizens living abroad to file individual tax returns or file Form 4868 for an automatic four-month extension.
Tax Deadlines: July to September
July 10, 2023: Deadline for employees who earned more than $20 in tip income in June to report this income to their employers.Aug. 10, 2023: Deadline for employees who earned more than $20 in tip income in July to report this income to their employers.Sept. 11, 2023: Deadline for employees who earned more than $20 in tip income in August to report this income to their employers.Sept. 15, 2023: Deadline for third-quarter estimated tax payments for the 2022 tax year.Sept. 15, 2023: Final deadline to file partnership and S-corporation tax returns for tax year 2022, if an extension was requested (Forms 1065 and 1120-S).
Tax Deadlines: October to December
Oct. 10, 2023: Deadline for employees who earned more than $20 in tip income in September to report this income to their employers.Oct. 16, 2023: Final extended deadline (if previously requested) to file individual and corporate tax returns for the year 2022 using Form 1040 and Form 1120.Nov. 13, 2023: Deadline for employees who earned more than $20 in tip income in October to report this income to their employers.Dec. 11, 2023: Deadline for employees who earned more than $20 in tip income in November to report this income to their employers.Dec. 15, 2023: Deadline for corporations that need to file the fourth installment of estimated income tax for 2022.
What If You Miss a Deadline?
You’ll probably be hit with a financial penalty, such as an extra interest charge, if you don’t submit a tax return and make any payment that is due by its appropriate deadline. There are two main penalties you may face:
Failure-to-file penalty: This penalty for 1040 returns is 5% of the tax due per month, up to a cap of 25% overall, with additional fees piling up after 60 days.Failure-to-pay penalty: This penalty is 0.5% for each month, or part of a month, up to a maximum of 25%, of the amount of tax that remains unpaid from the due date of the return until the tax is paid in full.
If both penalties are applied, the failure-to-file penalty will be reduced by the failure-to-pay penalty amount for that month. If you are on a payment plan, the failure-to-pay penalty is reduced to 0.25% per month during that payment plan schedule. If you don’t pay the taxes you owe within 10 days of receiving a notice from the IRS that says the agency intends to levy, then the failure-to-pay penalty is 1% per month.
How To File Your Tax Return Electronically
You might want to e-file your late return if you haven’t missed that deadline as well. Many taxpayers can e-file at IRS Free File if their AGIs were under $73,000. Some other rules can apply as well, imposed by the individual software providers that participate in the Free File Alliance. The IRS will accept e-filed returns until November. It will announce the exact November cutoff date sometime in October.
What If You Can’t Pay Your Taxes?
Even if you cannot pay your taxes for one reason or another, file your return anyway, and immediately apply for a payment plan. The IRS will generally let you pay over time, as long as you make arrangements to do so.
