Tax documents checklist8/2/2023 ![]() ![]() ![]() ![]() Married couples typically save more by filing jointly. This is your status if you’re married and both of you agree to file a joint return. If you’re legally separated, divorced, or not married, you’ll file as a single taxpayer. Here are the options you’re choosing from: Sometimes your status is clear (e.g., you’re single), and sometimes you find yourself qualifying for more than one status. Your filing status clarifies things like what you need to do to file, what your standard deduction is, whether or not you’re eligible for certain credits, and how much you’ll owe in taxes. Missing the tax deadline can have consequences like penalties and interest. The tax deadline typically falls on April 15 each year, but it can be delayed if it falls on a weekend or holiday. April 18: Tax day (unless extended due to local state holiday).After the passage of the SECURE Act in 2019, if you turned 70 years old on or after July 1, 2019, you don’t need to take RMDs until you reach age 72. If you turned 72 in 2022, you have until Apto take your 2022 required minimum distribution (your first required distribution) from your retirement account. April 3: Required minimum distribution (RMD) due if you turned 72 in 2022.You would file this exemption request if you anticipate having no tax liability this year and had none in the previous year. If you chose to claim an exemption from your employer withholding taxes from your paycheck last year by filing a Form W-4, you’ll need to re-file the form by this date. February 15: Reclaim your exemption from withholding.If January 31 falls on a weekend or holiday, these forms are due to be sent the following business day. For example, this form applies if you work as an independent contractor, gig worker, or self-employed person or if you receive income such as interest, dividends, prize winnings, rents, royalties, or brokerage account transactions. Various 1099 forms, such as 1099-NEC, 1099-MISC, and 1099-K, are used to report payments that typically don’t come from an employer. January 31: Certain 1099 forms are sent.Generally, this means W-2s get sent by January 31, but you may not necessarily receive your form by this date. To ensure you’re able to complete your tax return on time, the IRS requires all employers to send you a W-2 no later than January 31, following the close of the tax year. January 31: Due date for employers to send W-2 forms.This marks the first day the IRS began accepting and processing 2022 federal tax returns. Here are several dates to be aware of for your 2022–2023 tax filing. But there are other important tax deadlines to know as well. The deadline for filing your tax return is usually April 15 - though it can be extended if that date falls on a weekend or holiday, which is the case this year. ![]()
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |