When it comes to taxes, it's important to stay on top of the due dates for filing them. In the US, taxes are due quarterly, and understanding the specific dates for 2022 can help you stay on top of your responsibilities and avoid any late filing fees. To help you stay organized and prepared, here's a look at the quarterly tax dates you need to be aware of in 2022.
Quarterly Tax Dates for 2022
In the US, taxes are due quarterly on the 15th day of April, June, September and January. Here's what you need to know about the 2022 quarterly tax dates.
April 15th, 2022 – This is the deadline for filing the first quarter taxes of 2022. This is the time for filing your individual income tax return and paying your estimated quarterly taxes for the first quarter of the year.
June 15th, 2022 – This is the deadline for filing the second quarter taxes of 2022. This includes filing your individual income tax return and paying your estimated quarterly taxes for the second quarter of the year.
September 15th, 2022 – This is the deadline for filing the third quarter taxes of 2022. This includes filing your individual income tax return and paying your estimated quarterly taxes for the third quarter of the year.
January 15th, 2023 – This is the deadline for filing the fourth quarter taxes of 2022. This includes filing your individual income tax return and paying your estimated quarterly taxes for the fourth quarter of the year.
What Should I Do if I Miss a Quarterly Tax Date?
If you miss a quarterly tax date, you should file your taxes as soon as possible and pay any back taxes you owe. The IRS may assess a late filing penalty, so it's important to file and pay as soon as you can. You can also request an extension for filing taxes, but any taxes you owe must be paid by the due date.
If you are unable to pay the taxes you owe by the due date, you may qualify for a payment plan. The IRS offers several different payment plan options, including installment agreements, offer in compromise and other options. You can contact the IRS for more information about payment plans.
What Should I Do to Prepare for Quarterly Tax Dates?
The best way to prepare for quarterly tax dates is to stay organized and keep track of your income and expenses throughout the year. This will help ensure that you are filing accurate tax returns and paying the correct amount of taxes. You should also keep track of any deductions you are eligible for, as these can help reduce the amount of taxes you owe.
It's also important to keep track of any estimated taxes you may owe. If you are self-employed or have other income that is not subject to withholding, you may be required to make estimated tax payments throughout the year. Keeping track of these payments and filing your returns on a timely basis will help you avoid any late filing or payment penalties from the IRS.
Conclusion
Staying organized and prepared for quarterly tax dates is essential for all taxpayers. Knowing the 2022 quarterly tax dates and understanding what to do if you miss a due date can help you stay on top of your taxes and avoid any penalties. By staying organized and filing your taxes on time, you can ensure that you are paying the correct amount of taxes and avoiding any late fees.
