April 15th has traditionally been the tax deadline day for the Internal Revenue Service. That’s not the case in 2023 however. April 15th falls on a Saturday and is followed by a holiday in the federal capital.
April 16th is Emancipation Day in Washington, D.C. The holiday commemorates the date in 1862 when President Abraham Lincoln signed the District of Columbia Compensated Emancipation Act, freeing 3,000 slaves in the D.C. area.
Because the April 16 holiday this year falls on a Sunday, it will officially be observed on the closest weekday (Monday, April 17), closing city and federal offices in Washington D.C. That means the tax day deadline is getting pushed back to Tuesday, April 18th for individuals and C-Corps, and March 15th for all other businesses (S-Corp, Multi-Member LLC, Partnerships, etc.).
Of the 41 states that levy income tax, most are adhering to the April 18 deadline. Residents of Iowa and Virginia have a deadline of May 1st. Residents of Delaware have a deadline of May 2nd, and residents in Louisiana have a deadline of May 15th. Residents of Alabama, California and Georgia who have been impacted by severe storms have until May 15 to file their taxes. Nine states (Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming) have no state income taxes.
April 18th will also be the deadline to request an automatic extension for an extra six months to file a return and for payment of taxes due. Taxpayers requesting an extension will have until Oct. 16, 2023, to file their 2022 tax return.
The IRS has announced they will begin accepting 2022 returns Monday, January 23. Employers have until Jan. 31 to send W-2 earnings forms.
Contact RTW Xxact today to get started on your returns. All email inquiries can be sent to BUZ@RTWXXACT.COM, or you can request a consultation via booking site HERE.
COMPLETED COPIES OF TAX RETURNS ARE DELIVERED VIA OUR ENCRYPTED PORTAL AND MUST BE DOWNLOAED WITHIN 30 DAYS. A FEE OF $30 WILL APPLY FOR ANY REQUESTED COPIES – NO EXCEPTIONS.