Tax season 2023: What to know about Tax Day this year
Asher Notheis
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The deadline to file taxes this year is finally here, and with it comes both the anxiety of those who are trying to file their taxes as well as the relief of those who have already done so.
Taxpayers who are in the process of filing taxes or are trying to find a place to start can find resources online to help guide them through the process. In some states, taxpayers have been given some extra time to file taxes this year due to a variety of reasons, such as storms and severe weather.
TAX REFUNDS: PAYMENTS AVERAGING $893 FROM 2019 STILL WAITING TO BE CLAIMED
Do I need to file a tax return?
The Internal Revenue Service has an entire graph showing if taxpayers need to file a tax return if they reach a certain income threshold. For example, a single filing taxpayer under 65 years old who made at least $12,950 is required to file this year, and married taxpayers filing separately who made at least $5 will need to file, regardless of their age.
The full graph is available on the IRS’s website.
What do I need to file my taxes?
When filing taxes, taxpayers will need the Social Security numbers of all the people listed on the tax return as well as various forms from different places, such as W-2 forms from the taxpayer’s employer (or employers) and 1099 forms from banks, among other documents. If a taxpayer is planning to receive a refund via direct deposit, that person should also have his or her account and routing numbers on hand.
The full list of required documents is available online.
Where can I mail taxes to?
There are six different addresses that taxpayers can use to mail in their tax returns, though each state is required to send returns to one specific address, such as residents of Arkansas, Massachusetts, and Virginia who need to send their returns to an address in Louisville, Kentucky.
The full list of addresses is available to view online.
Where are taxes not due on April 18 this year?
For some states, taxes have been delayed up until October due to severe weather affecting the state earlier this year, such as California, Alabama, and Georgia having their deadline delayed to Oct. 16. The filing deadlines for Tennessee, Arkansas, and Mississippi have all been delayed to July 31, and New York’s filing deadline has been pushed back to May 15, according to the IRS.
State taxes in several states are also not due on Tuesday, but instead are due next month. Virginia and Iowa’s state taxes are due on May 1, Delaware’s taxes are due on May 2, and Louisiana’s taxes are due on May 15.
Can I file an extension?
Yes, taxpayers have until the end of Tuesday to postmark their extension, which gives taxpayers an extra six months to file their taxes, though taxpayers should know that this extension only applies to filing, meaning taxpayers must pay their taxes by Tuesday. To file an extension, taxpayers must have their name, address, Social Security number, estimated tax liability, and payment if one is owed. The IRS provides a Free File on its website, allowing users to file an extension electronically.
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Why are taxes due on April 18, not April 15 like they normally are due?
While Tax Day is traditionally April 15, taxes this year are due on April 18 due to two different factors: April 15 falling on a Saturday this year and April 17, the following Monday, being Emancipation Day observed, a local holiday in Washington, D.C. Emancipation Day is a holiday typically celebrated on April 16 that commemorates the anniversary of when slaves were freed in the District of Columbia in 1862, and due to Tax Day never falling on a weekend or holiday, the deadline was pushed back to April 18 this year.