Important Dates for The 2023 Tax Season
Here are the critical dates listed by the IRS that taxpayers should remember for the 2023 tax season:
January 3, 2023
This is the first day that you can file 2022 taxes. The IRS will not process submissions until a later date.
January 17, 2023
This is the final day you can pay estimated quarterly taxes for 2022.
January 23, 2023
The IRS website is live for electronic return processing for the 2023 tax season. The IRS recommends using electronic filing for faster returns. Paper returns will start processing in February.
February 1, 2023
All employees should have a W-2 from their employers by February 1. Contractors should also have received 1099s by this date. If you have not received these documents by mail or electronically on this date, you need to contact the company’s HR department or the company you contracted for.
Some people also receive 1099s for dividends, interest, and retirement plan distributions. This date is the deadline for those, too.
February 17, 2023
Filers who claimed ACTC or EITC credits for the 2023 tax season can expect their refunds to be released. Refunds will start to be sent and are expected to hit bank accounts within 8-10 days. This is due to the PATH Act and the requirement that the IRS holds refunds for these credits until this date.
March 15, 2023
People filing S Corporation or partnership tax returns must complete them by this date.
April 18, 2023
This is the last day you can file 2022 taxes. The normal filing date, April 15, falls on a weekend date. April 18, 2023, is the last day you can request an extension. If you are making contributions to an HRA, traditional or Roth IRA, or SEP-IRAs, today is the last day to do so.
Taxpayers who have over $10,000 in signature authority for foreign bank accounts must file the appropriate documents by this date.
June 15, 2023
US citizens and resident aliens living abroad must file 2022 taxes by this date. Or they can file for an extension until October.
October 18, 2023
Approved extensions will be due October 18, 2023. You must file and get approval for an extension before the April 18 due date.
Steps You Can Take to Make the 2023 Tax Season Easier
Gathering the necessary information to file 2023 taxes can seem overwhelming. But it doesn’t have to be if you follow these tips:
- Collect all data and documents needed (socials, W-2s, 1099s, health insurance forms)
- Check the IRS.gov website regularly for the most up-to-date announcements
- Create an IRS account to check personal tax information
- Avoid a big tax bill by paying estimated taxes by January 17, 2023
- Decide how you would like to receive your refund (ACH or prepaid card)
When you are ready, file your return with us for a fast refund! Choose direct deposit for the quickest results
Prepare for the 2023 Tax Season
You want to be as prepared as possible when you file 2022 taxes this year. This makes the process run smoothly. Here are a few tips:
Check Your Withholdings
If you generally owe money for taxes, it might be a good time to check your withholding information. This can save you a lot of money in the long run. If you have any major life changes, such as the birth of a child or a second job, it is also a good idea to assess and change your withholding.
Not sure how to determine your withholding? Check out the IRS’s tax withholding estimator to help guide your decision.
Collect Your Documents
There are a lot of documents you need to file 2022 taxes. It’s best to collect them and organize them as you receive them, so they are not lost. If you receive electronic documents, we recommend you print them and save them on your computer.
It’s vital you wait to file the 2022 taxes until you have all the required documents. These include:
- W-2s from your employer(s)
- 1099 documents from banks, distributions, dividends, or unemployment payments
- 1099-K or 1099-MISC for self-employed or gig workers
- 1099-INT for interest payments
- Health insurance and premium documents
- Other tax documents, such as student loan documents or non-taxable benefits
Work With a Tax Professional
Do you want to relieve the stress of worrying about the 2023 tax season? Working with RWB Tax Services will give you the peace of mind you need.
With more than 50 years of combined experience, our tax professionals have helped clients for more than 13 years. We’ve helped clients receive the largest tax returns possible across Georgia.
You can trust us to complete your taxes within the deadlines and with 100% accuracy. Our prices are reasonable. We can help you avoid costly mistakes and prevent penalties in the thousands of dollars in Georgia. Call us today to set up an appointment to discuss the 2023 tax season at 770-459-9980. Or you can contact us with this form.