4 ms·
US tax return forms/documentation is due April 15, but the taxes needed to be paid by the previous Jan 15 (minus a several month reprieve for taxes on income th
by fsckboy 2y ago
US tax return forms/documentation is due April 15, but the taxes needed to be paid by the previous Jan 15 (minus a several month reprieve for taxes on income that exceeds your previous year's income)
on April 15 the taxes on your first quarter of the current year are also due.
- mmooss 2y agoJan 15 is quarterly estimates for those who have them. Annual taxes are due April 15 (as well as Q1 estimates).
- ghaff 2y agoI'm not sure of the history of April 15 specifically, but April or so is probably about the earliest you can easily get all your reconciled financial statements if your finances are at all complex and put together your tax filings. I don't even get a W-2 until late January and I have at least one statement that tends to trail into early March.
- fsckboy 2y agoYou are wrong, I was right. the January 15 quarterly estimate is for the last quarter of the previous year, let's call it 2024. April 15 2025 is when you file your tax return for the 2024, but you HAVE ALREADY PAID OR HAD WITHHELD YOUR TAXES FOR 2024. If you have earned more wages in 2024 than you did in 2023, you will only have to have paid the same as you ultimately owed in 2023 for 2024, and in that case you will have the chance to cough up the remainder on April 15, 2025, but that is nowhere near close to saying that is when you 2025 taxes are "due" as you are claiming.