Important Tax Dates for the 2022 Tax Year
Disclaimer: We aren’t tax professionals and this isn’t tax advice.
It’s that time of the year again!
Tax season for 2022 is here and before you get caught up in new year festivities, you’ll want to add these tax dates 2022 to your calendars. We’re here to answer all the questions you may have about tax season and the types of IRS forms you may need for your unique situation.
Here’s everything you need to know:
Important Tax Dates 2022
Jan 15, 2022
2022 Q4 Estimated Tax Payments
January 31, 2022*
IRS Begins Accepting Tax Returns
*subject to changes
February 1, 2022
Deadline for employers to provide W-2s
March 15, 2022
Deadline for corporate and partnership tax returns or to request an automatic six-month extension of time to file.
April 15, 2022
Q1 Estimated Tax Payments
April 18, 2022
Tax Return Deadline
Last opportunity to make a contribution to your 2021 IRA
July 15, 2022
Q2 Estimated Tax Payments
September 15, 2022
Q3 Estimated Tax Payments
Filing deadline for corporate and partnership tax returns that filed an extension.
October 15, 2022
Extended Tax Return Deadline
Jan 15, 2023
Q4 Estimated Tax Payments
It’s important to be mindful of all tax dates 2022 so that you can prepare to pay them in a timely fashion and be more financially aware to avoid any unwanted penalties.
State Tax Deadlines
Most states follow the same tax deadlines 2022 as the federal government. If you’re unsure, we recommend checking with your state’s guidelines and tax dates. Some dates and deadlines have changed due to the COVID-19 pandemic, so it doesn’t hurt to double-check.
Who pays estimated tax payments?
If you’re someone who receives income or payments that aren't taxed when they're paid out: you’ll be subject to estimated tax payments.
Here are a few examples of income that may be subject to estimated tax payments:
Self Employment Income
Freelancing Jobs
Event or Gig Payments
Unemployment Compensation
Interest
Dividends
Capital Gains
Prize money earnings
Alimony
Of course, every situation is unique. If you’re an individual who is expecting to need to pay over $1,000 in additional taxes, you may be subject to these estimated tax payments. Since these types of payments are quarterly, we recommend speaking with a tax professional before the tax deadlines 2022 appears.
How do I report cash tips?
You’ll need to report cash tips to your employer by the 10th day of the next month. The best way to do this is by filling out Form 4070 and giving it back to your employer. You’ll want to make sure you’re accounting for all cash tips, debit cards, and credit card tips.
If you made less than $20 in cash tips for the month prior, there is no need to report them for that month. If the 10th is a holiday or weekend date, you’ll be required to report cash tips on the next business day.
What happens if I miss a payment?
If you happen to miss a payment, you’ll want to make sure you take care of it right away. The IRS penalizes based on how late your taxes are and how much money you owe. The best way to avoid late payments or penalties is to stay on top of your taxes every year. We recommend adding these tax dates 2022 into your phone calendar or work calendar to serve as a reminder.
Am I penalized if I missed the tax dates 2022 but I'm expecting a refund?
If you’re certain that you overpaid in taxes for the 2021 year, you won’t be subject to any penalties. You have three years to receive your refund until the money becomes property of the U.S. Treasury. It’s recommended that you file your taxes by the tax deadlines 2022 to ensure you receive your refund and create better financial habits.
Can anyone file for a tax deadline extension?
Yes! There are no penalties or fees for requesting a tax deadline 2022 extension. If you’re an individual who needs a tax deadline extension, you can file an extension for free on the IRS website.
If you’re filing as an individual, you’ll need to fill out Form 4868 and pay the estimated taxes that you currently own. Once you filed the form, you won’t have to worry about filing your taxes until October 15, 2022.
If you’re fearful that you won’t be able to pay your taxes before the important tax date 2022, it’s highly encouraged that you file for an extension to avoid any fees or penalties.
I made a mistake on my tax return, what do I do?
Don’t panic. These mistakes happen! Thankfully, you won’t need to refile your taxes all over again. If you make an unwanted mistake like forgetting about additional income, award winnings, or tax credits, all you need to do is file a 1040-X form with the IRS.
You have up to three years to file this form from the date you first filed your taxes. If you think you made a mistake on your 2019 taxes, 2022 is the last year to resolve it.
How quickly will I get my tax return?
You can expect to receive your tax return within six to eight weeks of the day you filed your taxes. The quickest way to get your tax return is by e-filing your tax return before the important tax dates 2022. This is the quickest and most efficient way to get your tax return. E-filers usually receive their taxes anywhere between 10 to 21 days.
It’s important to stay mindful of the 2022 tax calendar to ensure you pay on time and are financially aware of your responsibilities. We recommend filling your taxes early in February or March to get it out of the way. This is the best way to ensure you receive your refund quickly, avoid unwanted penalties, and make sure you don’t have to worry about your taxes all year long!