The Tax Man Cometh...Tuesday

WASHINGTON D.C. – Tuesday April 18 is the last day to file your federal income tax return for 2022.  

Tax day is customarily on April 15. But in 2023 that date falls on a Saturday and the following Monday is Emancipation Day, which is recognized as a holiday in Washington, D.C. As a result, tax day has been pushed back until the following Tuesday. 

According to the Wall Street Journal, April 18 is the federal tax deadline for individuals and small businesses in 2023. It’s the due date for submitting your tax return and paying taxes you still owe on income earned in 2022. State income tax deadlines vary.

You can always get more time to file your federal return by filling out an extension request form, which will automatically give you a new deadline of October 16. Last year a record 19 million taxpayersasked for extra time. 

One thing to remember, however: The extension does not apply to payments.

Failing to pay and file your taxes when due could lead to penalties of up to 47.5% of your original tax bill, plus interest. You won’t face a penalty if you’re due a refund, but you could lose your refund if you don’t file a tax return within three years of the original deadline.