Essential Tax Due Dates and Deadlines

picture of ticking clock that says "time for taxes"

picture of ticking clock that says "time for taxes"

image of ticking clock that claims “time for taxes” Getty Pictures

The 2020 and 2021 federal revenue tax calendars had been actually tousled by the COVID-19 pandemic. The IRS prolonged varied tax submitting due dates and cost deadlines throughout each years to present taxpayers extra time to care for their tax obligations. Whereas the IRS is to this point sticking with the “regular” tax due dates for 2022, it is nonetheless attainable that the Omicron (or another) variant will finally wreak havoc on the 2022 tax calendar, too.

However even when the 2022 schedule is scrambled as soon as once more, one factor will stay the identical – you will not wish to miss a tax deadline. In the event you do, the IRS can hit you arduous with penalties and curiosity. For example, the usual penalty for failing to file your annual tax return on time is 5% of the quantity due for every month your return is late. In the event you pay your taxes late, the month-to-month penalty is 0.5% of the unpaid quantity, as much as 25% of what you owe, plus curiosity on the unpaid taxes. Related penalties apply for lacking different deadlines. And there may be different destructive penalties for being late, like shedding out on a worthwhile tax break.

It is easy to keep away from these complications, although — simply do not miss the deadline! However we understand that it is not all the time simple protecting monitor of all the varied IRS due dates. So, for these of you who want a little bit assist remembering when to file a return, submit a report or pay a tax, we pulled collectively an inventory of a very powerful 2022 federal revenue tax due dates for people. There’s a minimum of one deadline in each month of the yr, so play shut consideration…we do not need you to get in hassle with the IRS.

[NOTE: Some of the due dates listed below are extended for victims of Hurricane Ida and the wave of tornadoes in December 2021. In addition, several 2021 due dates were extended to January 3, 2022, for other natural disaster victims. For more information on these extensions, see Tax Relief Available for Arkansas, Illinois, Kentucky and Tennessee Tornado Victims, Tax Relief for Hurricane Ida Victims Extended to Feb. 15, Tax Deadlines Extended for Alabama Storm and Flooding Victims, Tax Deadlines Extended for Tennessee Flood Victims, and Tax Relief Available for California Wildfire Victims.]

January 2022 Tax Due Dates

Date

Deadline

January 3

Self-Employed People Pay Half of Deferred 2020 Social Safety Taxes

January 10

Suggestions for December 2021 Reported to Employer (Kind 4070)

January 18

Estimated Tax Fee for 4th Quarter of 2021 (Kind 1040-ES)

January 18

Farmers and Fishermen Pay Estimated Tax for 2021 (Kind 1040-ES)

January 31

File 2021 Tax Return (Kind 1040) to Keep away from Penalty if Final Installment of Estimated Tax Not Paid by January 18

We begin off the yr with 5 vital due dates in January. First, the CARES Act allowed self-employed folks to defer cost of sure 2020 Social Safety taxes for 2 years. Half of the deferred tax is due January 3 (the rest can be due January 3, 2023). Second, workers who acquired a minimum of $20 in suggestions throughout December 2021 should report these tricks to their employer by January 10. (It is a month-to-month requirement for staff who gather suggestions.)

The opposite three January deadlines contain estimated tax funds. January 18 is the final day for most individuals to pay estimated taxes for the 4th quarter of 2021. Nonetheless, you do not have to make a cost by that date in the event you file your 2021 tax return by January 31 and pay the complete stability due along with your return. Farmers and fishermen could make a single cost of 2021 estimated taxes (as an alternative of creating quarterly funds) — that cost is due January 18.

February 2022 Tax Due Dates

Date

Deadline

February 10

Suggestions for January 2022 Reported to Employer (Kind 4070)

February 15

File Kind W-4 to Reclaim Exemption from Withholding for 2022

The month-to-month tip reporting deadline is February 10. This time it is for suggestions acquired in January.

As well as, in the event you had been exempt from revenue tax withholding in 2021 and wish to reclaim the exemption for 2022, it’s good to fill out a brand new W-4 type and provides it to your employer. (Word that you need to qualify to say an exemption.)

March 2022 Tax Due Dates

Date

Deadline

March 1

Farmers and Fishermen File 2021 Tax Return (Kind 1040) to Keep away from Penalty if Estimated Tax Not Paid by January 18

March 10

Suggestions for February 2022 Reported to Employer (Kind 4070)

To keep away from a penalty, farmers and fishermen who did not pay all their 2021 estimated taxes by January 18 should file their 2021 tax return by March 1.

Workers should report February tricks to their employer by March 10.

April 2022 Tax Due Dates

Date

Deadline

April 1

First Required Minimal Distribution (RMD) by People Who Turned 72 in 2021

April 11

Suggestions for March 2022 Reported to Employer (Kind 4070)

April 18

File 2021 Tax Return (Kind 1040) and Pay Tax Due (aside from residents of Maine and Massachusetts)

April 18

File Kind 4868 to Request 6-Month Revenue Tax Return Submitting Extension (cost of tax not prolonged)

April 18

File Schedule H (1040) and Pay Employment Taxes for Family Workers (file individually if Kind 1040 is just not filed)

April 18

Estimated Tax Fee for 1st Quarter of 2022 (Kind 1040-ES)

April 18

Contribute to Particular person Retirement Account (IRA) for 2021

April 18

Withdraw Extra IRA Contributions in 2021 to Keep away from Penalty if Submitting of Kind 1040 Was Not Prolonged

April 18

Contribute to Well being Financial savings Account (HSA) for 2021

April 18

Contribute to Solo 401(ok) Plan or Simplified Worker Pension (SEP) Plan for 2021 by Self-Employed if Submitting of Kind 1040 Was Not Prolonged

April 19

File 2021 Tax Return (Kind 1040) and Pay Tax Due for residents of Maine and Massachusetts

April is a very powerful month on the tax calendar. For most individuals, April 18 is the final day file a 2021 tax return…except you file an utility for an automated six-month extension with the IRS, which can be due on April 18. In the event you make use of a nanny, maid, gardener or different family employee, you even have till April 18 to file Schedule H and pay their employment taxes. In the event you stay in Maine or Massachusetts, these due dates fall on April 19, since April 18 is a vacation (Patriot’s Day) in these states.

There are some particular deadlines in April for retirees and anybody saving for retirement, too. In the event you turned 72 in 2021, you need to take your first required minimal distribution (RMD) out of your conventional IRAs and 401(ok) plans by April 1. April 18 can be the final day that you may contribute to an IRA or well being financial savings account (HSA) for 2021. As well as, besides for many who request an extension to file their 2021 tax return, April 18 is the due date for (1) self-employed folks to contribute to a solo 401(ok) or a simplified worker pension (SEP) plan for 2021, or (2) withdrawing extra IRA contributions made in 2021. As soon as once more, these April 18 deadlines are pushed again to April 19 for Maine and Massachusetts residents.

Lastly, staff should report March tricks to their employer by April 11, and estimated taxes for the first quarter of 2022 are due April 18.

Could 2022 Tax Due Dates

Date

Deadline

Could 10

Suggestions for April 2022 Reported to Employer (Kind 4070)

After a busy April, issues decelerate appreciable for Could. The one notable deadline is for workers to report suggestions acquired in April to their boss. That is due by Could 10.

June 2022 Tax Due Dates

Date

Deadline

June 10

Suggestions for Could 2022 Reported to Employer (Kind 4070)

June 15

Estimated Tax Fee for 2nd Quarter of 2022 (Kind 1040-ES)

June 15

U.S. Taxpayers Dwelling and Working Overseas File 2021 Tax Return (Kind 1040)

June 15

U.S. Taxpayers Dwelling and Working Overseas File Kind 4868 to Request 4-Month Revenue Tax Return Submitting Extension (cost of tax not prolonged)

June 15

Navy Personnel on Responsibility Exterior the U.S. File 2021 Tax Return (Kind 1040)

June 15

Navy Personnel on Responsibility Exterior the U.S. File Kind 4868 to Request 4-Month Revenue Tax Return Submitting Extension (cost of tax not prolonged)

Navy personnel and different taxpayers who’re serving or residing outdoors the U.S. have till June 15 to file their 2021 tax return. If they need a four-month submitting extension, they need to submit an utility by June 15.

Estimated tax funds for the 2nd quarter of 2022 are additionally due June 15, whereas the tip reporting deadline for staff who acquired suggestions in Could is June 10.

July 2022 Tax Due Dates

Date

Deadline

July 11

Suggestions for June 2022 Reported to Employer (Kind 4070)

For July, workers must report any suggestions obtain in June to their employer by July 11. Aside from that, you may take pleasure in your time on the pool or seashore with out having to fret about tax deadlines!

August 2022 Tax Due Dates

Date

Deadline

August 10

Suggestions for July 2022 Reported to Employer (Kind 4070)

The summer time slowdown for tax deadlines continues in August. The one vital due date for people is the month-to-month tip report. Staff who acquired suggestions in July should report them to their employer by August 10.

September 2022 Tax Due Dates

Date

Deadline

September 12

Suggestions for August 2022 Reported to Employer (Kind 4070)

September 15

Estimated Tax Fee for third Quarter of 2022 (Kind 1040-ES)

There are two notable tax due dates in September. First, workers should report August tricks to their employer by September 12. Second, estimated tax funds for the third quarter of 2022 are due by September 15.

October 2022 Tax Due Dates

Date

Deadline

October 11

Suggestions for September 2022 Reported to Employer (Kind 4070)

October 17

File Prolonged 2021 Tax Return (Kind 1040) and Pay Tax Due

October 17

Withdraw Extra IRA Contributions in 2021 to Keep away from Penalty if Submitting of Kind 1040 Was Prolonged

October 17

Contribute to Solo 401(ok) Plan or Simplified Worker Pension (SEP) Plan for 2021 by Self-Employed if Submitting of Kind 1040 Was Prolonged

In the event you had been granted an extension to file your 2021 tax return, now’s the time to ship that return to the IRS. The due date for prolonged returns is October 17. For many who acquired an extension, October 17 can be the final date for (1) self-employed folks to contribute to a solo 401(ok) or a simplified worker pension (SEP) plan for 2021, or (2) withdrawing extra IRA contributions made in 2021.

For staff who acquired suggestions in September, the deadline to report these tricks to your employer is October 11.

November 2022 Tax Due Dates

Date

Deadline

November 10

Suggestions for October 2022 Reported to Employer (Kind 4070)

November is one other sluggish month on the tax calendar. The one deadline is for workers reporting suggestions earned in October to their boss. That report is due November 10.

December 2022 Tax Due Dates

Date

Deadline

December 12

Suggestions for November 2022 Reported to Employer (Kind 4070)

December 31

Contribution to Employer-Sponsored Retirement Plan for 2022 (401(ok), 403(b), 457 or federal thrift financial savings plans)

December 31

Required Minimal Distribution (RMD) by People Who’re 73 or Older on the Finish of 2022

December is the time to make any last-minute strikes to decrease your tax invoice for the yr. However there are additionally another vital due dates that you simply want to pay attention to to remain out of scorching water with the IRS. There’s the month-to-month tip reporting deadline, which is December 12 for reporting November tricks to your employer. Plus, 2022 contributions to employer-sponsored retirement plans (e.g., 401(ok), 403(b), 457 or federal thrift financial savings plans) have to be in by December 31. That is additionally the deadline for taking an RMD for 2022 in the event you’re 73 or older on the finish of the yr.

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