As Tax Day 2025 approaches, taxpayers across the United States need to prepare for some important deadlines. With April 15 fast approaching, many people might feel a bit stressed about getting their taxes done on time. Don’t worry! We’re here to help you understand what to expect this tax season and highlight the key dates to keep in mind.
Tax Deadlines to Remember
For 2025, the Internal Revenue Service (IRS) has set specific dates for when taxes should be filed. Here are some crucial deadlines that everyone should keep in mind:
| Deadline | Date | Description |
|---|---|---|
| Estimated Quarterly Tax Payment (Self-Employed) | January 15, 2025 | Final payment for 2024 |
| W-2 and 1099-NEC Form Distribution | January 31, 2025 | Employers to employees and contractors |
| 1099 Form Distribution (Investment Income) | February 18, 2025 | From financial institutions |
| Federal Income Tax Return Filing & Payment | April 15, 2025 | For 2024 taxes |
| Filing Deadline (US Citizens Abroad) | June 17, 2025 | Automatic two-month extension |
| Third-Quarter Estimated Tax Payment (2025) | September 15, 2025 | Self-employed and significant non-wage income |
| Tax Return Filing Deadline (Extension) | October 15, 2025 | For returns filed with an extension |
Jackson Hewitt Offers Tips for Taxpayers
With over 100 million Americans yet to file their 2024 federal tax returns, Jackson Hewitt is reminding everyone about the importance of filing timely. The company encourages taxpayers to get organized by collecting all necessary documents, such as W-2s and 1099s. Being prepared helps ensure that you can file on time, avoiding any late fees or penalties.
Common Tax Filing Misconceptions
A survey by Jackson Hewitt revealed that many people hold some common misconceptions about taxes. For example, 43% of respondents mistakenly believe that the IRS automatically corrects mistakes related to non-taxable income. Additionally, some believe that there’s no penalty for late filing when a refund is due. In reality, filing late can result in penalties, especially if you owe taxes.
Filing Your Taxes: Do It Right!
To make the tax-filing process smoother, it’s advised to consult with a tax professional. They can guide you through any complexities and help you maximize your potential refund. Jackson Hewitt even offers a promotion for new clients, where you don’t have to pay more than $149 for federal tax preparation until March 31, 2025.
Refund Expectations for 2025
As of February 28, 2025, the IRS has already processed approximately 51.8 million tax returns and has issued 36.9 million refunds, amounting to over $124 billion. The average refund is around $3,382, a notable increase from the previous year. While this year might see some similar fluctuations as in past years, many taxpayers are likely to find their efforts rewarded with generous refunds.
Don’t Wait Until the Last Minute!
With the deadline just around the corner, it’s crucial for taxpayers to act now to avoid the last-minute rush. Whether you choose to file your taxes electronically or with assistance from a professional, getting started today can help ensure you stay on track for a successful tax season. Time is ticking, so don’t delay!
