Tax Return Calendar 2023: Everything You Need To Know

Personal Experience

Every year, I dread preparing my taxes. It’s a tedious and time-consuming process that always seems to take longer than it should. However, I’ve learned that the key to making the process more manageable is to stay organized and on top of deadlines. That’s where the Tax Return Calendar comes in.

What is the Tax Return Calendar?

The Tax Return Calendar is a schedule of important tax-related deadlines for the year. It includes dates for filing income tax returns, paying taxes owed, and making contributions to retirement accounts. By following the calendar, you can avoid penalties and interest charges for missing deadlines.

Important Dates in the Tax Return Calendar 2023

Here are some of the major dates to keep in mind for the Tax Return Calendar 2023:

January 15, 2023: Fourth quarter estimated tax payments due
April 18, 2023: Deadline for filing 2022 income tax returns
April 18, 2023: Deadline for making 2022 IRA contributions
June 15, 2023: Second quarter estimated tax payments due
September 15, 2023: Third quarter estimated tax payments due
October 17, 2023: Deadline for filing 2022 income tax returns on extension
December 31, 2023: Deadline for making 2022 401(k) contributions

World Events and Festivals in Tax Return Calendar 2023

Tax season isn’t all about numbers and deadlines. There are plenty of holidays and events to look forward to throughout the year. Here are some of the major events and festivals happening in 2023:

January 1: New Year’s Day
February 12-22: Winter Olympics in Beijing, China
March 17: St. Patrick’s Day
April 16: Easter Sunday
May 1: Labor Day in many countries
June 4-18: UEFA European Football Championship
July 4: Independence Day in the United States
August 15: Assumption of Mary in many Catholic countries
September 23: Autumnal Equinox in the Northern Hemisphere
October 31: Halloween
December 21: Winter Solstice in the Northern Hemisphere
December 25: Christmas Day

Q&A

Q: What should I do if I miss a tax deadline?

A: If you miss a tax deadline, you may be subject to penalties and interest charges. However, the IRS offers options for taxpayers who are unable to pay their taxes in full by the deadline. You can request an installment agreement or an offer in compromise to settle your tax debt over time.

Q: Can I file my taxes early?

A: Yes, you can file your taxes as soon as you have all the necessary information to do so. However, if you file before the IRS begins accepting returns, your return will be held until the start of the filing season.

Q: Do I need to file a tax return if I didn’t earn any income?

A: If you had no income or your income was below the filing threshold for your filing status, you may not be required to file a tax return. However, you may still want to file a return if you had taxes withheld from your pay or if you are eligible for certain tax credits.

Q: Can I deduct charitable donations on my tax return?

A: Yes, you can deduct charitable donations on your tax return if you itemize deductions. However, there are limits on the amount you can deduct, and you must have documentation to support your donations.

Q: What should I do if I receive a notice from the IRS?

A: If you receive a notice from the IRS, don’t panic. Read the notice carefully and follow the instructions. If you have questions or need help, you can contact the IRS or seek assistance from a tax professional.

By following the Tax Return Calendar and staying on top of important dates, you can make tax season a little less stressful. Don’t forget to take breaks and enjoy the holidays and events throughout the year!