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When are taxes due in 2023?

As an American adult, tax day is probably up there as one of the most stressful times of the year. Whether you’re a 9-5 employee, a freelancer or a small business owner with an S-Corp, LLC or sole proprietorship, there are forms to be filled out and deadlines to be met.

So, if you’re still googling “last day for taxes 2023,” hopefully this will answer all your questions.

Important tax deadlines you need to know  

The tax deadline for 2023 is April 18, which is a Tuesday. This is because the usual deadline, April 15 is a Saturday, and April 17 is Emancipation Day. So you will be expected to pay federal income tax and file your income tax return for 2022 by this date.

If you miss this deadline without filing for an extension, you’ll need to pay a penalty, which you can calculate with a tax penalty calculator. When it comes to filing a return, the last day for taxes in 2023 is October 16. Remember, the extension applies only to filing a tax return, not to paying the tax you owe.

If you have any self-employed income, you’ll have to pay income tax on it, and you'll have to pay self-employment income (Social Security and Medicare taxes), or SE taxes. This applies to independent contractors, freelancers and small business owners who are sole proprietors, part of a partnership or have an LLC. You can calculate your SE tax amount with this self-employment income tax calculator.

Self-employed individuals actually have a few more deadlines to keep in mind, as they are required to pay estimated taxes every quarter to the IRS.

An infographic entitled When Are Taxes Due in 2023 showing the most important tax deadlines for 2023 for the self-employed, S-corps and LLCs.

What forms do I need for the 2023 tax day?

Now you know when taxes are due, but what do you actually need to meet this tax deadline? If you’re a regular 9-5 employee, you’ll only need to worry about filing Form 1040, where you’ll report your income and claim your standard deduction based on your filing status.

If you’re self-employed, you’ll need to attach Schedule C, which is where you’ll report your profit or loss from your business. If you have any business deductions, you can write them off here. Use a 1099 tax calculator to find out what you can deduct.

If tracking your business expenses sounds like a lot of work, FlyFin can help. All you have to do is link your expenses and let A.I. find every possible write-off every tax season. You can also reach out 24/7 to our team of CPAs who are 1099 tax experts.

To calculate how much tax you owe on your net income, you’ll need Schedule SE, and to pay those estimated quarterly taxes we mentioned earlier, you'll need Form 1040-ES.

An infographic entitled Important Tax Forms for Freelancers showing four forms that every self-employed person needs for tax day.

Filing taxes every year can be a chore. As the 2023 tax day looms, try to plan ahead, stick to the deadlines and make sure you have all the forms you need. We believe in you!

FlyFin CPA Team

FlyFin CPA Team

With a combined 150 years of experience, FlyFin's CPA tax team includes tax CPAs, IRS Enrolled Agents and other tax professionals, offering users the most comprehensive tax advice and preparation.

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