Taxes 2023: Tax Tips for Last-Minute Filers

Taxes 2023: Tax Tips for Last-Minute Filers

It’s almost Tax Day, but if you’re one of the 31% of taxpayers who reportedly file taxes at the last minute, you still have a little time to complete your federal income tax return. Also, survey data (opens in new tab) show that most taxpayers don’t know when the last day to file taxes is for 2023. (It’s tomorrow: April 18). So. if you fall into either of these groups (or both), here are a few tips for filing your taxes at the last minute. 

Tax Tip #1: Don’t Miss the Tax Deadline on Tuesday, April 18 

The tax deadline is only a day away for most people. (Some taxpayers in disaster areas have been granted an extension, but most taxpayers must file their 2022 tax returns by midnight on April 18, 2023). If you don’t file on time, you could face a failure-to-file penalty. That penalty amount begins at 5% of your tax bill but can increase to $425 (if you still haven’t filed your return within 60 days after the tax deadline). So, you should file before April 18, even if you’re worried about what you owe. Waiting to file your return could cost you a lot more than if you file without making a full payment.

Tax Tip #2:  Easily File Taxes or File Taxes Without Paying

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