Getting Ready for the 2025 U.S. Tax Season



The 2025 tax season in the United States is coming up soon. This is the time when every U.S. citizen needs to prepare their documents and decide how to file their taxes.

Even though it may feel like there's plenty of time, the deadline to submit your taxes is fast approaching. Starting preparations early can help avoid last-minute rushes and issues. 

It's also wise to start saving some money now, just in case you owe more taxes than expected after all your documents are sorted and sent to the IRS.
 

Key Deadlines and Dates

 
  • Tax Season Opening: The tax season usually starts in late January. For example, in 2024, it began on January 29th. While the exact date for 2025 hasn't been announced, it's likely to be around the same time.
  • Filing Deadline: The main deadline for filing your federal tax return is April 15, 2025. If you can't make this date due to reasons like living in a disaster-hit area, such as those affected by Hurricane Helene, you may have until May 1, 2025. Military service members who are overseas get similar extensions.
  • Extension Request: If you need more time to file your taxes, you can request an extension until October 15, 2025. Remember, an extension to file does not mean an extension to pay any taxes you owe – those are still due by April 15 to avoid penalties.
 

State Specific Dates


Be sure to check the deadlines specific to your state as these can vary. States like Delaware, Hawaii, Iowa, Louisiana, and Virginia have different deadlines from the federal ones.
 

Refunds


If you are expecting a refund due to overpaid taxes and you file electronically, you could receive your refund within about 21 days from filing, provided there are no issues with your return.

Those claiming credits like the Earned Income Tax Credit or Additional Child Tax Credit will see their refunds processed starting February 27, 2025, in accordance with federal rules, though it might take a bit longer to access these funds.

-

Previous Article: New Financial Help Coming for Many Americans: Checks Over $700





3 Steps to Take for a Quicker Tax Refund...

  The start of tax season means that most taxpayers have until April 18, 2023, to file their taxes. The tax season is dreaded by many. Finding a reputable tax expert and compiling all required papers can be challenging tas...

READ MORE

401(k) Retirement Savings Guide for 2024: Easy Tips and Trends...

In the United States, a 401(k) plan is a popular way people save for when they retire. It's liked because you don't have to pay taxes on the money right away and your savings can grow over time. As...

READ MORE

Paying Off Student Loans: Strategies for Managing Debt After Graduation...

Education doesn't come cheap. For those who have racked up student loans, it can be daunting to face the reality of paying them off after graduation. Don't worry-- it's not all doom and...

READ MORE

Student Loans: Unlocking the Key to Financial Freedom and Academic Success...

Are you a student burdened with the weight of educational expenses? Do you feel like your dreams are being held hostage by mounting student loans? Fear not; for in this article, we delve into th...

READ MORE