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When is Tax Day 2022?
The deadline for filing your 2021 taxes is April 18, 2022. Typically, April 15 is designated by the U.S. government as the day taxes are due every year. April 16 is Emancipation Day in Washington, and since it falls on a Saturday this year, the holiday will be officially observed on the closest weekday, April 15.
With few exceptions, Tax Day in the United States has fallen on the same date since 1955: April 15. And while the IRS extended the filing and payment deadlines for the 2019 and 2020 tax years because of the COVID-19 pandemic, don’t expect any extra time to pay and submit your 2021 return.
The IRS began accepting and processing 2021 tax returns toward the end of January.
Given the rule changes going into effect in 2022 — as well as potentially complicating factors, like this year’s expanded child tax credit payments and repayment of deferred Social Security taxes, taxpayers have even more incentive to get moving on their 2021 returns.
Can I file an extension?
As in past years, you can request an extension if you need more time to prepare and file your 2021 return. Before the April 18, 2022, deadline, you must fill out and submit Form 4868, the Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. At the time you file Form 4868, you must also pay the estimated income tax you owe to avoid penalties and interest, the IRS says.
Generally, taxpayers are granted an automatic six-month extension to file, or two months if they’re out of the country, in which case the extension also applies to payment of taxes owed. (If you’re in the latter situation — in other words, you’re living outside of the United States and Puerto Rico — you can get another four months, provided you request them by the new due date you were assigned with your original two-month extension.)
To qualify for an extension, you must file Form 4868 before April 18, 2022. You will not be notified unless your request is denied.
When are taxes due if I file an extension?
If you file Form 4868 and receive the automatic six-month extension, you will have until Oct. 17, 2022, to submit your 2021 tax return.
If you already know that you’ll need an extension, plan on filing Form 4868 sooner rather than later. That way, if anything goes wrong with your application, you’ll have plenty of time to fix any errors and resubmit it ahead of the April 18 tax deadline. This also ensures you have time to get your documents together for your extended deadline in October. The IRS website has all the forms, deadlines and information you’ll need.
When are estimated taxes due in 2022?
Those who pay estimated taxes have a slightly different filing schedule than everyone else. People who pay quarterly estimated taxes include the self-employed, as well as those who work similar entrepreneurial or independent contractor jobs. If your paycheck doesn’t have income taxes taken out before the money gets to you, then this requirement applies to you.
Estimated taxes are due quarterly and must be submitted with Form 1040-ES. Here’s when those payments are due:
- First-quarter payments: April 18, 2022
- Second-quarter payments: June 15, 2022
- Third-quarter payments: Sept. 15, 2022
- Fourth-quarter payments: Jan. 17, 2023
Note: Like Tax Day, quarterly tax payments are due on April 18 this year. But because Jan. 15, 2023, is a Sunday, and Monday, Jan. 16 is Martin Luther King Jr. Day (a federal holiday in the United States), the deadline to pay estimated taxes on the self-employment income you earn in the fourth quarter of 2022 has been pushed to Jan. 17, 2023.
This is the standard schedule to follow, provided nothing interferes.
If you’re an employee who earns tips, you’re required to report all your monthly tip earnings to your employer by the 10th of the following month. Your employer is responsible for sending those numbers to the IRS, as well as for adjusting how much money comes out of your paycheck to satisfy your tip withholding.