If you filed for a tax extension earlier this year, the extended deadline is right around the corner! Mark your calendar for October 15, 2024, as this is your last chance to file your federal income tax return. This deadline applies to both individual taxpayers and businesses that requested extensions.
Here’s what you need to know:
Submit Your Return by October 15:
Make sure all necessary documents are ready and file electronically or by mail before this date to avoid any late-filing penalties.
Payment of Taxes:
Remember, the extension only applies to filing, not paying. If you owed taxes, they were due back in April. However, if you didn’t pay or underestimated what you owe, submit payment now to minimize interest and penalties.
Self-Employed & Businesses:
This deadline also applies to self-employed individuals and businesses that requested an extension. Double-check deductions and credits to ensure you’re maximizing your savings.
State Returns:
Some states have different deadlines, so check your state’s specific tax filing requirements to avoid any surprises.
Nevada does not have a state income tax, so there is no tax filing deadline for state income taxes. However, federal tax filing deadlines still apply to Nevada residents, including the April 15 deadline for most taxpayers and the October 15 deadline if you filed for an extension.
While there’s no state income tax, businesses in Nevada may still have other tax obligations, such as payroll taxes or sales tax, and should check with the Nevada Department of Taxation for any relevant filing deadlines related to those.
Prepare now to avoid the last-minute rush and ensure your return is accurate and filed on time!
While paying taxes late won’t directly lower your credit score, it’s important to stay on top of your tax obligations to avoid indirect negative consequences on your credit.
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