can i file my 2023 taxes in 2025

Jouse Heery

2 min read

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30-11-2024

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Can I File My 2023 Taxes in 2025? Understanding Tax Deadlines and Extensions

The short answer is: No, you generally cannot file your 2023 taxes in 2025. The IRS sets specific deadlines for tax filing, and significantly delaying your return beyond these dates can lead to penalties and interest. This article will clarify the typical tax deadlines and the options available if you need extra time to file.

Understanding the Usual Tax Filing Deadline

The standard deadline for filing your federal income tax return is typically April 15th of the following year. This means that for the 2023 tax year, the original deadline was April 15, 2024. Missing this deadline without a valid extension can result in penalties.

What Happens If I Miss the April 15th Deadline?

If you missed the April 15, 2024 deadline for your 2023 taxes, you're already past the typical filing period. Failing to file on time can result in significant penalties from the IRS, including:

• Failure-to-file penalty: This penalty is a percentage of the unpaid taxes and is assessed for each month or part of a month that the return is late (up to a maximum of 25% of the unpaid taxes).
• Failure-to-pay penalty: If you owe taxes and don't pay them by the deadline, you'll face a penalty on the unpaid amount.
• Interest charges: Interest will accrue on any unpaid taxes from the original due date.

These penalties can quickly add up, making it crucial to file your return as soon as possible, even if you owe money.

Options for Filing Late: Extensions and Other Considerations

While you can't simply file your 2023 taxes in 2025 without consequence, there are ways to obtain more time to file:

• Filing for an automatic extension: You can request an automatic six-month extension to file your return. This extension only grants you more time to file your return, not more time to pay your taxes. The estimated taxes are still due by the original April 15th deadline. You can file for an automatic extension using Form 4868.

• Applying for a hardship extension: In exceptional circumstances, you might be able to request a further extension beyond the six-month automatic extension. This requires demonstrating a valid reason for needing additional time, such as a serious illness or natural disaster. You'll need to provide documentation to support your request.

• Seeking professional tax help: If you're facing complexities with your taxes or are overwhelmed by the process, consider consulting a tax professional. They can help you navigate the complexities of tax filing and ensure you're meeting all deadlines.

Key Takeaways

Filing your 2023 taxes in 2025 is not feasible without incurring significant penalties. While extensions are available, they should be pursued proactively, not as a means to indefinitely postpone filing. If you're facing challenges in filing your taxes on time, take action immediately to explore your options and avoid the potential financial burdens of late filing. Remember to prioritize timely filing and payment to maintain a positive relationship with the IRS.