The IRS tax season is a critical time for citizens, as it impacts financial planning and potential refunds. Understanding the key dates for the 2025 tax season can help taxpayers prepare effectively. In this article, we will explore the important dates for filing taxes, receiving refunds, and more, ensuring that you are well-informed for a smooth tax season.
Start of Tax Season
The tax season for 2025 begins on January 20, 2025. This is when the IRS starts accepting tax returns. It’s crucial to be aware of this date so you can begin preparing your documents and filing your returns as soon as possible.
Deadline for Filing Taxes
The deadline for filing your federal tax return for the year 2024 is April 15, 2025. This is the last day to submit your tax return without incurring any penalties. If you need extra time, you can file for an extension, but it’s important to remember that any taxes owed are still due by this date.
Deadline for Filing Extensions
If you are unable to file your taxes by the April 15 deadline, you can file for an extension, which must be submitted by the same date. An extension gives you an additional six months to file your return, making the new deadline October 15, 2025. However, keep in mind that this does not extend the time to pay any taxes owed.
First Quarter Estimated Tax Payment Due
For taxpayers who are self-employed or have other income that requires estimated tax payments, the first quarter payment for 2025 is due on April 15, 2025. Staying on top of these payments is essential to avoid penalties and interest.
Second Quarter Estimated Tax Payment Due
The second quarter estimated tax payment for the year 2025 is due on June 16, 2025. Ensuring timely payments can help you manage your tax liability and avoid a large tax bill at the end of the year.
Tax Refunds Begin to Process
The IRS typically begins processing tax refunds within 21 days of receiving your tax return. For those who e-file and choose direct deposit, you can expect to see your refund in your account fairly quickly, often within a couple of weeks after filing.
Last Day to Contribute to IRA for 2024
If you are looking to maximize your retirement savings for the 2024 tax year, the last day to make contributions to your Individual Retirement Account (IRA) is April 15, 2025. Contributions to your IRA can provide valuable tax benefits, so it’s important to take advantage of this deadline.
| Date | Event | Description | Notes | Action Required |
|---|---|---|---|---|
| January 20, 2025 | Start of Tax Season | IRS begins accepting tax returns | Prepare your documents | Start filing your return |
| April 15, 2025 | Deadline for Filing Taxes | Last day to submit your tax return | Avoid penalties | File your return |
| June 16, 2025 | Second Quarter Estimated Tax Payment Due | Payment for self-employed individuals | Stay compliant | Make your payment |
| April 15, 2025 | Last Day for IRA Contributions | Maximize your retirement savings | Tax benefits apply | Contribute to your IRA |
Being aware of these key dates will help you navigate the 2025 tax season with confidence and ensure that you maximize your potential tax refund. Staying organized and proactive is the best strategy for a stress-free experience.
FAQs
When does the IRS start accepting tax returns for 2025?
The IRS starts accepting tax returns on January 20, 2025.
What is the deadline for filing federal tax returns for 2024?
The deadline for filing federal tax returns for 2024 is April 15, 2025.
Can I get an extension for filing my taxes?
Yes, you can file for an extension by April 15, 2025, which will give you until October 15, 2025, to file your return.
When are estimated tax payments due?
The first quarter estimated tax payment is due on April 15, 2025, and the second quarter payment is due on June 16, 2025.