If you owe SARS, then make the payment via eFiling or SARS MobiApp on or before the payment due date. The payment due date of the amount owed to SARS is displayed on the “Notice of Assessment” (ITA34). The “Allowable interest expenses incurred in the production of interest received” line item has been introduced within the “Foreign Interest” container of the https://hublee.com.br/what-are-billable-hours/ ITR tax return to align with Practice Note 31.

• “This filing season is the first to benefit the IRS and our nation’s tax system from multi-year funding in the Inflation Reduction Act,” said Acting IRS Commissioner Doug O’Donnell.
• You can read more about our editorial guidelines and our products and services review methodology.
• You can check your refund status using the IRS Where’s My Refund?
• To check the status of their 2024 income tax refund within 24 hours of e-filing.
• For example, with the onset of the COVID-19 outbreak, the IRS gave the whole country an extension of 3 months to July 15, 2020, on the payment deadline.
• To make it easier for South African taxpayers who are not South African tax residents but who have South African source-based income, SARS made enhancements to the 2025 ITR12 tax return.

IRS Tax Deadlines You Can’t Afford to Miss

You might want https://www.bookstime.com/articles/procurement-automation to talk to a tax pro if you’ve got a complicated situation with lots of possible deductions. And they can help you navigate more year-end tax-saving tips too. From the 2025 tax year, SARS will apply a 50% communal estate where income from a trust is declared, and the taxpayer is married in community of property. New source code 3623 and 3673 has been introduced to the ITR12 tax return for backdated (antedated) salaries and pensions.

When will I get my refund?

To file a tax extension, you will need to fill out IRS form 4868. Note that filing the extension does not get you off the hook, you still need to pay any estimated taxes by the April 15 deadline. If you don’t you will owe interest and possibly a penalty on your taxes owed. If you’re waiting for a tax refund, the fastest way to get your money is to have it electronically deposited into your bank account. The IRS typically issues 90% of refunds in fewer than 21 days when taxpayers combine direct deposit with electronic filing. From the filing to quarterly estimated payments, there are several key IRS deadlines you should know about.

Dependent Filing Rules

• Taxpayers from nine other states without income tax may also be eligible to participate in the Direct File pilot.
• Erin prepares comprehensive financial plans for military veterans and their families.
• Whether your taxes are fairly straightforward or extremely complicated this year, here’s what to know about Tax Day and the federal deadline to file.
• This year, Direct File will be available starting Jan. 27 to taxpayers in 25 states.
• Filing your taxes early has a bunch of benefits, including less stress and fewer delays in getting your refund back.

These chatbots use either guided help through choice buttons or an open text box for a customized question. The chatbots use natural language processing tax season and understanding to interpret the input from the taxpayer to provide an appropriate response. To launch the chatbot, the taxpayer simply clicks on the “Chat” button in the lower right corner of the webpage. This year, eight private-sector partners will provide online guided tax software products for taxpayers with an Adjusted Gross Income (AGI) of $84,000 or less in 2024. The Treasury Department estimates that more than 30 million taxpayers will be eligible to use Direct File across the 25 states. The IRS has also expanded features and availability of last year’s Direct File program.

• The IRS advises that all taxpayers keep copies of their tax returns for at least three years.
• It starts on January 21, 2026, and ends on April 15, 2026, for most people.
• The IRS then processes the returns, verifies the information provided, and calculates the taxpayers’ final tax refund or liability.
• Those who fail to pay any taxes due face a smaller penalty of 0.5 percent of the tax owed for each month or part of the month that the tax remains unpaid, up to 25 percent.
• If you miss an estimated tax payment, make your payment as soon as you can.
• Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia.

The penalty for late filing is 5 percent of the amount due each month, maxing out at 25 percent a year. Interest also accrues, at a rate of 3 percent, compounding daily. You can send us a query via  SARS Online Query System (SOQS) if you have forgotten your tax reference number, to submit supporting material and more.