The Last Day To File Taxes Is April 15: Six Things You Need To Know About the Tax Deadline

According to a TurboTax survey focused on tax procrastination, over half (54%) of 18–24-year-olds and one in three (36%) of 25–34-year-olds do not know when the tax filing deadline is and IRS latest filing stats show there are millions of tax returns that still need to be filed for this tax season. If you still haven’t filed, it’s time to hop to it. Here’s how:

Get your tax documents in one place

Gather your W-2s and 1099s! And don’t forget receipts and forms that report expenses worth valuable deductions and credits like receipts and forms showing childcare expenses, charitable donations, energy efficient updates to your home, or student loan interest.

Double-check important information

Don’t rush when entering information like social security numbers. One of the top mistakes taxpayers make is entering incorrect Social Security numbers for their children and spouses, and even misspelling their name! Dependents are worth valuable deductions and credits but you have to have the correct social security number to claim them. If you experience a change in your family size like the birth of a new child or adoption – double check that you have important information like social security cards and numbers. 

E-file Your Taxes Online

TurboTax makes it easy to e-file your taxes online in the comfort of your own home. With the TurboTax Mobile App (available in the Apple App Store or Google Play) you can easily jump start filing by snapping a photo of your W-2, 1099-NEC or 1099-K if you are self-employed, or importing your W-2 or 1099 information directly from your payroll provider and financial institution. Your information then transfers to the correct forms eliminating data entry and allowing you to move seamlessly across devices, so you can do your taxes anytime, anywhere. 

Choose direct deposit

E-file with direct deposit is the fastest way to get your tax refund. If you e-file with direct deposit, the IRS still expects to issue nine out of 10 tax refunds within 21 days or less of acceptance. Paper-filed returns usually take six to eight weeks from acceptance, but they are taking longer right now.

Get a last-minute tax deduction

Get a deduction on your taxes and also save for the future. Contribute up to $7,000 ($8,000 if you’re over 50) to your traditional individual retirement account (IRA) and take advantage of a 2024 deduction for your contribution. IRA contributions for 2024 can be made up until the tax deadline on April 15, 2025 and will make an impact on your taxes. Make sure you tell the administrator that your contribution is for 2024. 

File even if you owe

Although filing an extension can get you until October 15 to file your 2024 taxes; an extension to file is not an extension to pay. The IRS may charge penalties and interest for payments after the April 15 deadline. If you can’t pay, don’t worry. You can apply for a payment plan agreement. You may be eligible for an installment payment plan for up to six years.

With the average refund being over $3,000 don’t delay. TurboTax can help you easily and accurately file your taxes whether you want to do your taxes yourself, want help along the way, or you want to fully hand them over to a TurboTax Live expert so you can get closer to your tax refund.