You may think that this question has a pretty cut-and-dry answer. However, did you know that there is more than one tax day every year? In addition to having multiple days, various available extensions apply.
Below we highlight all of these pertinent details so you can be prepared to know when your taxes are due in 2023.
Aren’t Taxes Always Due in April?
You may be under the assumption that taxes always come due in April. And you would be right. The deadline falls on or around the 15th of April every year. The exact date will change to reflect business days (in 2023, the 15th falls on a Saturday) and holidays (the next available business day, April 17, is Emancipation Day in Washington, DC).
In 2023, income taxes are due on Tuesday, April 18th. However, if you cannot meet this deadline, you can file for an extension, which must complete by April 18th. If you choose to go that route, your income taxes will be due on October 16, 2023.
You can choose to do a personal extension and receive six more months to file your income taxes. However, there are other extensions available for those in exceptional circumstances.
Military: Certain members will automatically receive an extension. These typically apply to those in combat or who are undergoing hospitalization.
Out of the Country: If you were out of the country on tax day, you may receive an automatic two-month extension.
Natural Disasters: If you were a victim of a natural disaster, you might qualify for an automatic extension.
Tax Day Exceptions
While most states abide by the April 18th date for federal income taxes, a handful of states hold different times. Most of these will fall within a few days or weeks of the federal date.
Delaware – May 2nd
Iowa – April 30th
Louisiana – May 15th
Maine – April 19th
Massachusetts – April 19th.
Virginia – May 2nd
In the case of Maine and Massachusetts, those states recognize Patriots Day on April 18th. Therefore, they have shifted their filing day to the 19th. Delaware typically holds their day on April 30th, a Saturday in 2023, and Virginia commonly utilizes May 1st, which is on a Sunday in 2023.
Many businesses opt to pay their tax obligations on a quarterly basis. Therefore, instead of having one tax day, they have four. The dates for 2023 quarterly taxes are:
April 18, 2023 (1st Quarter)
June 15, 2023 (2nd Quarter)
September 15, 2023 (3rd Quarter)
January 15, 2024 (4th Quarter)
While many states have an income tax, not all do. Therefore, certain areas of the United States don’t have a designated tax day for state income tax, only federal. These states include:
Many think of tax day as the same across the board. However, there are many variations to the deadlines that include specific state circumstances and applicable extensions. It’s best to speak with a tax representative to understand the correct dates and extensions that apply to you.