Last quarterly estimated tax payment for 2023 is due.
IRS begins accepting and processing electronic tax returns.
IRS starts accepting tax returns.
Deadline for employers to mail out W-2 forms.
EITC and ACTC related refunds expected to be available in taxpayer bank accounts or on debit cards (if direct deposit was chosen and no issues are present with the tax return).
Deadline for S corporations and partnerships to file their business returns.
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Deadline for filing individual tax returns (Form 1040) for most taxpayers.
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C-Corporation tax returns (Form 1120) due.
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Deadline to submit Form 4868 for tax extension (for both individuals and businesses).
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Last day to make 401(k) contributions.
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Extended deadline for individuals in Maine and Massachusetts to file Form 1040 due to Patriots’ Day and Emancipation Day.
First estimated tax payment for 2024 is due.
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Third estimated tax payment for 2024 is due.
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Deadline for partnerships and S corporations that filed a tax extension to submit their tax returns.
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Extended deadline to file individual 2023 tax returns.
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Deadline for C corporations that filed a tax extension to submit their tax returns.
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“In this world nothing can be said to be certain, except DEATH and TAXES."
2 Certainties 1 Solution
ProTax Plus
IRS NUMBERS
Dollars
1,500,000,000
The IRS reported that for the tax year 2017, there were about $1.5 billion in unclaimed refunds for individuals who did not file a federal income tax return for that year. The median estimated refund was $865.
Pages
70,000
While the exact word count of the U.S. tax code can vary depending on the source, the Tax Foundation has indicated that the federal tax code has grown from 26,300 pages in 1984 to over 70,000 pages by the 2010s.
Percent
20%
The IRS has estimated in the past that about 20% of eligible taxpayers do not claim the Earned Income Tax Credit (EITC), which could be worth up to several thousand dollars depending on one's financial situation and family size.
Overlooked Deductions
3,000,000
The number of amended returns can give an insight into errors or overlooked deductions. For instance, in 2019, over 3 million Forms 1040-X (amended returns) were received by the IRS.
IMPORTANT
DATES