filing your 2022 federal income taxes : We are just a month away from the deadline for filing taxes
Tax extensions were requested by many people to give them more time to file their taxes this year, despite the IRS’s April 18, 2023, deadline.
With just a month to go, the October 16, 2023 tax extension deadline is also approaching.
You really should start preparing your tax return for the 2022 tax year if you requested some extra time but haven’t yet filed.
How do you file your taxes? What documents do you need?
This is what you’ll need to do correctly if you’re finally filing your taxes ahead of the October 16 tax extension deadline.
You will need the following documents to file your taxes:
- Your employer’s W-2 form
- Forms 1099 and 1099-INT for other earnings and interest statements
- Expense receipts showing your tax deductions
To file your taxes electronically, you must choose your filing status and how you want to submit them, with the IRS recommending tax preparation software.
Additionally, you need to decide whether you will take the standard deduction or itemize your deductions.
How do you apply for an IRS tax extension?
Each spring, taxpayers may request a tax extension when the filing deadline approaches.
There is nothing complicated about it, and you can even do it online through the IRS’s website.
You can request an automatic filing extension or file Form 4868, Application for Automatic Extension of Time to File, using IRS Free File at IRS.gov/freefile.
Natural disasters may allow you to extend your tax deadline again?
If you were recently affected by a natural disaster, there may still be further tax extension opportunities for the 2022 tax year.
Interested parties should visit the IRS’ website to find out more about this, as well as to find out if they qualify for a natural disaster tax credit.
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