FREELANCERS UNION BLOG

  • Finance

Most taxpayers who requested an extension to file their 2023 tax return must file by Oct. 15

IRS Tax Tip 2024-81, Oct. 3, 2024

The Oct. 15 extension deadline to file taxes is fast approaching. Most taxpayers who requested an extension of time to file their 2023 tax return must file by Tuesday, Oct. 15, to avoid the penalty for filing late. The IRS urges people to file electronically.

Remember that an extension to file was not an extension to pay. Extension filers who owe taxes should pay as much as possible to reduce interest and penalties. Those who owe tax, have yet to file a 2023 tax return and did not request an extension can generally avoid additional penalties and interest by filing the return and paying any taxes owed as soon as possible.

IRS e-file is easy, safe and the most accurate way to file taxes. It’s available through Oct. 15. Filing electronically can also help taxpayers determine their Earned Income Tax CreditChild and Dependent Care Credit and more.

Some groups have additional time to file

Access tax account information

Individual taxpayers can log into their IRS Online Account to get key information from their most recent tax return such as their adjusted gross income (AGI), which may help in preparing and filing their return. They can also view the amount they owe, payment history including estimated tax payments, their payment plan details and options, digital copies of certain notices, their address on file and authorization requests from tax professionals.

Payment options

Taxpayers who owe can pay online using IRS Direct Pay at no cost or use a debit card, credit card or digital wallet, which may be subject to a payment processing fee.

If taxpayers have a balance and can’t pay it now, they should apply for a payment plan. The IRS has more information for taxpayers who can't afford to pay the taxes they owe.

More information

Working Today Inc. Working Today is a 501c3 nonprofit that supports independent workers in the US through advocacy, education & services. We raise awareness of the unique challenges independent workers face.

View Website