2025 Tax Deadline: What You Need to Know About Filing Your Taxes

As the new year approaches, many individuals and businesses are wondering when the 2025 tax deadline is. The Internal Revenue Service (IRS) has announced the deadline for filing taxes, and it's essential to mark your calendars to avoid any last-minute rushes or penalties. In this article, we'll provide you with the information you need to know about the 2025 tax deadline, including the deadline date, what you need to file, and how to file your taxes.

When is the 2025 Tax Deadline?

The IRS has announced that the 2025 tax deadline for individual tax returns is April 15, 2025. This is the deadline for filing your federal income tax return, and it applies to most individuals and businesses. However, there are some exceptions, such as for those who file for an extension or have a fiscal year that doesn't end on December 31.

What Do I Need to File?

To file your taxes, you'll need to gather the necessary documents, including: W-2 forms from your employer 1099 forms for any freelance or contract work Interest statements from banks and investments Charitable donation receipts Medical expense receipts You'll also need to report any changes to your income, such as a new job or a change in marital status.

How Do I File My Taxes?

There are several ways to file your taxes, including: E-filing through the IRS website or tax software like TurboTax or H&R Block Mailing your tax return to the IRS Visiting an IRS office or tax preparation service The IRS recommends e-filing, as it's faster and more accurate than mailing your return.

What Happens if I Miss the Deadline?

If you miss the April 15 deadline, you may face penalties and interest on any taxes you owe. The IRS charges a late filing penalty of 5% of the unpaid taxes for each month or part of a month, up to 25%. You may also be charged interest on any unpaid taxes. However, if you need more time to file your taxes, you can file for an extension by April 15. This will give you an additional six months to file your return, but you'll still need to pay any taxes you owe by the original deadline to avoid penalties and interest. The 2025 tax deadline is April 15, 2025, and it's essential to mark your calendars to avoid any last-minute rushes or penalties. Make sure to gather the necessary documents, report any changes to your income, and file your taxes on time. If you need more time, you can file for an extension, but be sure to pay any taxes you owe by the original deadline. By following these tips, you can ensure a smooth and stress-free tax filing experience.

Source: NBC New York

Note: The article is written in HTML format with header tags (h1, h2) and bold text to highlight important information. The article is also optimized with relevant keywords, such as "2025 tax deadline" and "IRS", to improve search engine ranking.