When can I file my 2016 taxes?

 

Great question!  But what you really meant to ask is – when can I file my 2015 taxes?  It’s a bit confusing.  In 2016 you will be filing your 2015 taxes, settling up with Uncle Sam on the income you made in 2015.


The short answer is – now!  File your taxes today.  For more important tax dates and deadlines, read on.

 

November 2015

TaxAct opened its virtual doors and started preparing 2015 tax returns.

 

January 19, 2016

IRS e-file goes live and begins processing returns.  If you file your taxes before this date, TaxAct will transmit your return as soon as IRS is ready to process it.

 

February 1, 2016

Deadline for your employer to mail you your 2015 W-2.  Note this is a mailing deadline, not a receipt deadline, so if your company is slacking, it may take a few extra days to get it via snail mail.  Many employers offer electronic versions via the same website you can view your pay checks.

If you received unemployment income, this is also the deadline for the state(s) to provide you with a 1099-G.

Finally, this is deadline for banks to supply you with a 1099-INT reporting bank account interest you made.  Note that banks are only required to issue a 1099-INT if you made at least $10 of interest during the year, however you are still required to report it even if they don’t send you one.  If you made less than $10, use your bank statements or online banking to determine the amount of interest you made.

 

April 18, 2016

Tax Day. Yes, you read that right, it's April 18th in 2016 instead of April 15th

You can thank Washington, D.C., for the extra time. Washington will celebrate Emancipation Day on April 15. This is a federal holiday, so the IRS will be closed. Emancipation Day is typically celebrated on April 16. However April 16 falls on a Saturday in 2016, so Emancipation Day was celebrated on Friday April 15, and Tax Day was pushed back to Monday April 18.

Didn't file your 2015 taxes on time?  No worries, we'll let you in on an industry secret – if you're getting a refund, you can file for up to 3 years with no late fees or penalties! If you owe additional taxes, your penalties are racking up, so file your return as soon as possible. Either way, it's not too late to file your 2015 taxes.  File Now or Learn More.

 

October 15, 2016

If you filed an extension and owe additional taxes, this is your deadline to file your completed return and pay any remaining taxes owed.