When are individual tax returns usually due?

When are individual tax returns usually due?

• A. March 15th of each year
• B. April 15th of each year
• C. May 15th of each year
• D. June 15th of each year

Answer: (B)

Individual tax returns are typically due on April 15th of each year. This date is established by the Internal Revenue Service (IRS) and represents the deadline for individuals to file their federal income tax returns for the previous tax year. If April 15 falls on a weekend or a holiday, the deadline may be extended to the next business day, but generally, taxpayers should prepare for the usual April deadline. This timeline aligns with the annual income tax cycle, providing individuals sufficient time after the end of the calendar year to gather necessary documents and information needed to accurately report income, deductions, and credits for their tax returns. Understanding this crucial deadline helps taxpayers avoid potential penalties for late filing and ensures compliance with federal tax laws.

Individual tax returns are typically due on April 15th of each year. This date is established by the Internal Revenue Service (IRS) and represents the deadline for individuals to file their federal income tax returns for the previous tax year. If April 15 falls on a weekend or a holiday, the deadline may be extended to the next business day, but generally, taxpayers should prepare for the usual April deadline.

This timeline aligns with the annual income tax cycle, providing individuals sufficient time after the end of the calendar year to gather necessary documents and information needed to accurately report income, deductions, and credits for their tax returns. Understanding this crucial deadline helps taxpayers avoid potential penalties for late filing and ensures compliance with federal tax laws.