If you are like 40% of the population, you will file your tax return as soon as you possibly can in order to
A) get it over with and/or
B) receive your refund more quickly.
More than thirty-eight million taxpayers in the United States file by the end of February.
However, if you are one of those lifelong procrastinators who always waits until the last minute… This is not your year!
When are taxes due for 2014? Like last year, Tax Day falls on the usual 15th day of April, so this year your 2013 tax return is due Tuesday, April 15th, 2014.
In previous years (and to come in future years) you can sometimes get a few days extension due to a combination of interesting circumstances. In the United States, the tax deadline can never fall on a Saturday or Sunday. If April 15th lands on a weekend, taxes will not be due until the following Monday. Tax Day can also not be on a federal holiday.
Filing Taxes Due Date
What’s interesting is sometimes the tax filing date also falls on Emancipation Day that is celebrated in Washington, D.C. So even if April 15th falls on a weekend, in certain years the tax date will be pushed out to the following Tuesday instead of Monday in order to celebrate Emancipation Day.
Emancipation Day is the anniversary of the Compensated Emancipation Act; that is, the day Abraham Lincoln freed 3,100 slaves in the District of Columbia – making them the first to be freed by the federal government. Emancipation Day was made an official public holiday in 2005.
During these years and thanks to President Lincoln and the weekend rule, we all have a few extra days to figure out our taxes. (Again, this is not the case this year.)
Note: Since you don’t have a few extra days to file this year, I would encourage you to not put it off too long. Their are penalties and fines if you don’t file your tax return or even file it late.
Reasons to File Your Taxes On Time
Although we sometimes get a few extra days to file, taxpayers should still try to get their tax returns filed expediently for several reasons.
- If you are expecting a refund you definitely want to file as early as you can. The earlier you complete your return, the earlier you will receive your check. Sometimes you can even get your money back before the tax deadline! Those who complete their returns closer to that deadline end up having to wait as the government is literally swamped at that time.
- For those who end up owing taxes, did you know you can still file early and just postdate your check? This way you take care of your taxes early in the game, but keep your money in your bank for a longer period of time.
- No matter what your financial situation, having to complete your tax return is a task that is somewhat unpleasant to have hanging over your head. Reduce stress and get it done now!
Remember, most other federal income tax deadlines remain the same. For example, state income tax returns are still due on April 15th and the overseas exception due date is still June 16th, 2014. However, any taxpayer needing to file an individual federal income tax return extension will have until October 15th.
Don’t Wait to File Your 2013 Tax Return
Doing your taxes feels like it will take a long time so we put it off, and then put it off again, and then put it off one more time until we are running into the tax filing deadline. (And if you miss the tax filing deadline you end up paying a ton of money in penalties.)
But here’s the thing.
Filing your taxes is easy if you let it be.
Use some great tax software online like TurboTax. With online software you don’t have to worry about printing off a bunch of forms from the IRS website, doing calculations by hand, and missing out on big deductions from your income tax.
When you use a great platform like TurboTax, you get:
- your maximum return absolutely guaranteed
- the ability to file your taxes for free (assuming you have simple return)
- free audit support in case the IRS contacts you
- simple question-based forms that fill out your tax return for you
- electronic filing so you don’t have to send your personal information through the mail system
And you can do all of this from the comfort of your home.