Tax Blog

January 15th: The deadline for individuals to make a final payment of estimated tax for the previous year. April 15th: The deadline for individuals to file their tax returns or request an extension. June 15th: The deadline for U.S. citizens living abroad to file their tax returns or request an extension. September 15th: The deadline for individuals to file an extension for their tax returns. October 15th: The deadline for individuals who filed an extension to file their tax returns. January 31st: The deadline for employers to furnish W-2 forms to employees and the deadline for self-employed individuals to furnish 1099 forms to their clients. February 28th: The deadline for banks and other financial institutions to furnish 1099 forms to their customers. March 31st: The deadline for U.S. corporations to file their tax returns. April 30th: The deadline for partnerships and S corporations to file their tax returns. September 15th: The deadline for tax-exempt organizations to file their annual return or request an extension.

A tax refund is a payment made by the government to a taxpayer who has overpaid their taxes during the year. This can happen when an individual pays more in taxes than they actually owe, either through deductions, tax credits, or over-withholding from their paychecks. To receive a tax refund, you must file a tax return with the Internal Revenue Service (IRS) and any state tax agency that you owe taxes to. If you overpaid your taxes, the government will calculate the amount of the overpayment and issue a refund. Here are the steps to claim a tax refund: Gather all necessary documentation, such as W-2 forms and other income statements. Determine your filing status and determine if you are eligible to file a tax return. Choose the appropriate tax forms to file based on your income and filing status. Calculate your tax liability and compare it to the amount of taxes you already paid. File your tax return with the IRS and any state tax agency. Wait for the government to process your return and issue a refund, if applicable.