what year taxes are due in 2025

2 min read 02-12-2024

Meta Description: Planning your 2025 tax filing? This comprehensive guide clarifies when your 2024 taxes are actually due in 2025, explaining extensions and potential penalties for late filing. Learn about important tax deadlines and how to avoid common mistakes.

Understanding Tax Year vs. Filing Year

Many people confuse the tax year with the tax filing year. This is a key distinction when figuring out when your taxes are due.

Tax Year: This refers to the 12-month period for which you're calculating your taxes. For most individuals, the tax year is the calendar year (January 1st to December 31st). So, the tax year for the taxes you'll file in 2025 is 2024.
Tax Filing Year: This is the year you actually file your tax return with the IRS. The tax filing year for your 2024 taxes is 2025.

Therefore, the answer to "What year taxes are due in 2025?" is 2024 taxes.

When Are 2024 Taxes (Filed in 2025) Actually Due?

The standard due date for filing your 2024 income tax return is Tuesday, April 15, 2025. This date is the same every year unless it falls on a weekend or holiday. If April 15th lands on a weekend or holiday, the deadline is shifted to the next business day.

What if April 15th, 2025 falls on a weekend or holiday?

In 2025, April 15th is a Tuesday, so this is the filing deadline. However, it's always best to check the IRS website closer to the deadline for any official updates.

Tax Extensions: Buying Yourself More Time

Need more time to file? You can request a six-month automatic extension. This extension only extends the deadline for filing your return, not the deadline for paying your taxes. The extension deadline is typically October 15, 2025.

Remember: Even with an extension, you'll still need to estimate and pay your taxes by the original April 15th deadline to avoid penalties.

How to Request a Tax Extension

Requesting a tax extension is usually a simple process. You can typically do this online through the IRS website. Be sure to carefully follow the IRS instructions to ensure your request is processed correctly.

Penalties for Late Filing and Late Payment

Failing to file your taxes or pay your taxes by the deadline can result in penalties. These penalties can be significant, increasing the longer you delay. The IRS charges penalties for both late filing and late payment. The exact amounts vary depending on how late the return and payment are.

It's always best to file on time and pay what you owe to avoid any penalties.

Planning Ahead for Tax Season 2025

To avoid last-minute stress during tax season, consider these proactive steps:

Gather your tax documents early: Organize W-2s, 1099s, and other relevant tax documents as soon as you receive them.
Keep accurate records throughout the year: Maintaining organized financial records simplifies the tax preparation process.
Consider tax software or professional help: Tax software can guide you through the process, or a tax professional can offer personalized assistance.

Conclusion: Don't Miss the 2024 Tax Deadline

The due date for your 2024 taxes is April 15, 2025. Remember to plan ahead, gather your documents, and file on time to avoid penalties. If you need more time, be sure to request an extension before the April 15th deadline. Understanding the difference between the tax year and the filing year is crucial for avoiding confusion. Start preparing now to ensure a smooth tax filing experience in 2025!