It may be hard to believe, but tax season is just around the corner.
To avoid unwanted surprises, late refunds or costly mistakes, you can start preparing now for important dates to remember this tax season. Whether you handle this process on your own or plan to have some help preparing your taxes, keep these dates in mind as we inch ever-closer to tax time.
Tax season is almost here—are you ready?
Filing period opens: January 1, 2018
You can start filing your 2017 taxes any time after the first day of 2018. However, the IRS will not begin processing returns, paper or electronic, until IRS e-file goes live later in the month.
E-File goes live: January 29, 2018
The IRS’s electronic submission portal E-file opens up on the 29th, which is also when the IRS will start processing returns. Any paper returns that have been submitted before this date will be processed when E-file is live.
W-2 mailings: January 31, 2018
If you receive a W-2 from your employers, it should be on its way to you by the end of January 2018. If you haven’t received any information by then, it’s time to get in touch with supervisors or HR.
Self-employed payments and miscellaneous income: February 1, 2018
If you are self-employed, your final estimated tax payment for 2017 is due on February 1. By this point, if you earn any miscellaneous income with 1099 statements, you should have these documents as well.
The sooner you get your finances in order, the sooner you will receive your refund.
Need an extension? File before April 17, 2018
You can file for an extension any time before the tax year deadline, up until the due date of April 17th. Remember that when you receive an extension, you are still responsible for paying any estimated taxes you owe by the federal due date, or you can end up paying additional interest or late fees.
Federal and State due date: Tuesday, April 17, 2018
If you did not receive an extension for your taxes, then you’ll need to file by the due date. However, if you notice, the due date for 2018 is actually two days later than the typical April 15th filing date, as that falls over the weekend.
The majority of states also have a due date of April 17th, both for filing extensions and for filing your returns. Be sure to check with your state to verify requirements.
Filing from abroad: June 17, 2018
For any US citizens living abroad, returns need to be filed and taxes must be paid by June 17th. This is also the deadline to request a four-month extension for any filers residing abroad.
Make sure you don’t miss any filing dates by getting a head start on your taxes.
Extension filing deadline: October 17, 2018
If you were approved for an extension by April 17th, your return must be submitted by October 17th. The same goes for individuals or resident aliens living abroad who were approved for an extension in June.
Tax amendments: April 15, 2021
You are allowed to file amended returns or returns from prior years at any point, but if you want to receive any refund owed, you’ll need to refile within three years from the original due date. For 2017 taxes due April 17, 2018, the three-year deadline is April 15, 2021.
When will I get my tax refund?
The IRS processes returns according to a schedule, but if there are no problems with your return, you can expect to see your federal refund within eight to 21 days. Check the IRS’ Where’s My Refund tool to monitor your status. State refund times will vary depending on where you live, but they will typically arrive within 30 days of your filing.
If you have your refund deposited electronically, you’ll get the money faster; add on about a week for mail processing time if you are getting a paper check. Don’t have a traditional bank account? Don’t worry. You can still get your tax refund via direct deposit. Just sign up for a Green Dot Prepaid Mastercard® or Visa® Card today, enroll in direct deposit, and choose to have your refund deposited on the card when filing your taxes.* Oh, and don’t forget to check out Green Dot’s simple fees here.
*Access to refunds may be delayed and/or blocked as a precaution to the rare, but possible, risk of refund-related fraud. If this happens, we may ask you to provide some additional information, including uploading legible ID documents.
Green Dot is neither a paid return preparer nor a tax advisor. Accordingly, Green Dot makes no express or implied representations or warranties of any kind concerning the U.S. federal income tax consequences and filing requirements that may be relevant to any particular Green Dot cardholder under applicable U.S. federal income tax laws. All Green Dot cardholders are urged to consult their own tax advisors and/or return preparers.