When Are Taxes Due? 2022 Tax Deadlines

Taxes Due 2022

In this article, you will get to know when your taxes are due in the year 2022. We will tell you all the important tax deadlines for different categories of taxpayers. Also, we will discuss some important points you should consider before the tax deadline.

It’s almost a ‘ritual’ for the taxpayers in the U.S. Yes, we are talking about the annual tax deadlines. This is an annual obligation for the taxpayers and everyone is busy getting their taxes filed during this time. Some people have the habit of completing the filing activity well before the deadline. While some others have the habit of pushing things till the last minute and ‘enjoying’ the adrenaline rush that is attached to it. Irrespective of the category you belong to, this question plays inside your mind more often than not- ‘when is the tax deadline this year?’.

Here is a look at all the important tax deadlines for the year 2022 — including your federal income tax return to estimated tax payments.

The Deadline to File Taxes in 2022

For filing a federal tax return for 2021, the deadline is 18 April 2022. If you reside in Maine and Massachusetts, this deadline is 19 April 2022. This year, the tax day is not on the standard date of April 15, which you are so accustomed to. This is because if the tax due date falls on a holiday or weekend, the IRS usually rolls over the same to the next business day. This year, April 15 is Emancipation Day, which is a holiday in Washington D.C. this has pushed the federal tax deadline to April 18. Again, April 18 is Patriot’s Day- another holiday celebrated in Maine and Massachusetts. Therefore, residents in these 2 states have an extra day to file their taxes and for them, the deadline was pushed to 19 April 2022.

Is it Mandatory to File Taxes by April 18?

No. if you are not ready to file your tax return by this deadline, you may request a tax extension before the due date. In this case, the revised due date to file your tax return will be on October 17, 2022. Please note that your tax bill will be due on April 18 itself. If you get a tax extension, you will only get more time to file your return. This does not mean you will get more time to pay your taxes.

Is the Income Tax Deadline the same for all the States?

Most States usually follow the federal deadline when it comes to income tax due dates. However, some exceptions do exist. For example, the due date for the residents of Virginia to file their state returns is May 1. Therefore, before filing, you should check the deadline with the taxes and revenue authority of your state.

What are the Tax due Dates for Quarterly Estimated Payments?

If you are an independent contractor, have investment earnings or are self-employed you may look to know about another set of due dates- the quarterly estimated payments. As per the IRS rules, taxpayers whose income is not subject to the payroll withholding tax, need to submit quarterly estimated tax payments.

For estimated taxes, the due dates vary. For such taxes, the year is split into four payment periods. Each of these periods has its own due date. The following table gives the due dates for estimated taxes for the year 2022-

For the Income during the Period

Tax Payment Deadline

January 1 to March 31, 2022

April 18, 2022

April 1 to May 31, 2022

June 15, 2022

June 1 to August 31, 2022.

September 15, 2022.

September 1 to December 31, 2022.

January 16, 2023.

Important Points you should consider before the Tax Deadline

  • File your Tax Return for the Year 2018– Yes, you are reading it right! We are talking about the year 2018. As per a recent IRS estimate, the total unclaimed refunds dating back from 2018 amount to a whopping $1.5 billion. If you were eligible for a refund for the tax year 2018 but you did not file a return, you have time till April 18 (the tax due date for 2022) to claim your money. You simply need to submit the old Form 1040. Don’t miss it! 
  • Open or Contribute to an IRA before the Deadline– Contributions to a traditional IRA are exempted from your income tax. Therefore, if you open a new IRA or make a contribution to an existing one before the deadline, you can reduce your taxable income. However, the maximum contribution amount considered for this purpose for both traditional and Roth IRAs is $ 6,000. This amount will be increased to $7,000 if you are aged 50 or more.
  • Max Out your 401(k) by Dec. 31– Have you contributed to a traditional 401(k)? If not, do it before the deadline. It will decrease your total taxable income for the year and as a result, will lower your taxes due. Let’s have one example to make it clear. Let us assume you earn $65,000 a year. Also, you have put $19,500 (the limit for the year 2021) into your 401(k). Now, instead of paying the income tax on your entire income of $65,000, you will only need to pay taxes on $45,500 ( which is equal to $65,000-$19,500 )from your income. This shows that you have been able to save $19,500 from taxes, in addition to saving for your future. This amount may increase if you are aged 50 or more. Many employers also offer to match a part of your savings. This means that if you contribute a significant amount to your 401(k)account, you may gain quite a handful of money.
  • Contribute to your Health Savings Account ( HSA)– Contributions to a health plan are exempted from income tax and thus it provides a useful tax-saving alternative, apart from covering your out-of-pocket health expenses. The only thing you need to do is to make a contribution to your HSA before the deadline for the 2021 tax year. For this year, the exemption limits were fixed at $3,650 if you are an individual HSA owner. This limit is increased to $7,200 for a family HAS account. For the year 2022, the limits are fixed at $3,650 for an individual and $7,300 for a family. If you are aged 55 or more, add an extra $1,000 to this limit.
  • File for an Extension by Tax Day – If you are not ready to file your tax return by the deadline, you may request a tax extension before the due date. In this case, the revised due date to file your tax return will be on October 17, 2022. Please note that your tax bill will be due on April 18 itself. If you get a tax extension, you will only get more time to file your return. This does not mean you will get more time to pay your taxes. You will still need to pay the tax or a good estimate of the amount, before the deadline.
  • Check the Tax Deadline in your State– Most States usually follow the federal deadline when it comes to income tax due dates. However, some exceptions do exist. For example, the due date for the residents of Virginia to file their state returns is May 1. Therefore, before filing, you should check the deadline with the taxes and revenue authority of your state.

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FAQs

Who are the Taxpayers that Get Automatic Extensions to File their Taxes after the Deadline?

The following groups of people automatically get more time to file their tax returns-

🔹 People Lived & Worked Out of the Country
U.S. citizens/residents living and working outside the country on the due date may automatically qualify to avail of a 2-month extension from the IRS. If you still need more time, you need to file the IRS Form 4868 for getting 4 more months to file your taxes. 

🔹 People Affected by Certain Disasters

The IRS maintains a list of natural disasters. It mentions different ‘extra time’ for different types of disasters and people affected by these disasters are provided with additional time accordingly to file their taxes. However, the extension may or may not be applicable in your State. Therefore, you should check out your relevant State Rules before looking to apply for such an extension. 

🔹 Some Members of the Military
The amount of extra time taxpayers may get in this category depends on the type and location of the service. For example, if you are a soldier deployed in a combat area, you can get up to 180 days of extra time from your last day in a combat zone. Hospitalization resulting from a combat injury can increase the extension further.

Why is the Deadline this Year not on the Customary due Date of 15 April?

This year, the tax day is not on the standard due date of April 15. This is because if the tax due date falls on a holiday or weekend, the IRS usually rolls over the same to the next business day. This year, April 15 is Emancipation Day, which is a holiday in Washington D.C. this has pushed the federal tax deadline to April 18. Again, April 18 is Patriot’s Day- another holiday celebrated in Maine and Massachusetts. Therefore, residents in these 2 states have an extra day to file their taxes and for them, the deadline was pushed to 19 April 2022

What happens if I can’t File My Returns before the Deadline?

If you are not ready to file your tax return by the deadline, you may request a tax extension before the due date. In this case, the revised due date to file your tax return will be on October 17, 2022. Please note that your tax bill will be due on April 18 itself. If you get a tax extension, you will only get more time to file your return. This does not mean you will get more time to pay your taxes.

If you are not able to pay your tax before the due date, you can also apply for the IRS installment plans. Such a plan would let you pay over time. You can apply for it on the IRS website.

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