NJ Division of Taxation - When to File and Pay (2024)

FAQs

NJ Division of Taxation - When to File and Pay? ›

New Jersey Income Tax returns are due when your federal return is due. For calendar year filers, the 2023 New Jersey returns are due by April 15, 2024. Fiscal year filers must file their returns by the 15th day of the fourth month following the close of the fiscal year.

Each year, your tax is due by the filing deadline even if you get a filing extension. The filing deadline for 2023 tax returns is April 15, 2024. If you have self-employment income or other income that doesn't have taxes withheld, you may need to make quarterly estimated tax payments.

The agency will begin accepting and processing returns for the 2023 tax season on Monday, Jan. 29, 2024, according to the IRS website. Although the IRS will not officially begin processing returns until that date, you can start filing your returns beforehand.

If you submit your return in the middle of January, you do not have to pay taxes you owe until the filing deadline. Preparing your Form 1040 early will give you time to arrange your payment. This extra time is particularly helpful to taxpayers who need to find out exactly how much they will owe the IRS.

If you're a calendar year filer and your tax year ends on December 31, the due date for filing your federal individual income tax return is generally April 15 of each year.

If you want to wait until later in the tax season to file your return and pay your taxes, you can do that. You can also file your tax return now, and wait to pay your tax amount due until April 15, 2024.

If you filed on time but didn't pay all or some of the taxes you owe by the deadline, you could face interest on the unpaid amount and a failure-to-pay penalty. The failure-to-pay penalty is equal to one half of one percent per month or part of a month, up to a maximum of 25 percent, of the amount still owed.

How can I pay my tax liability? You can make your payment either electronically (e-check or credit card) or by check or money order.

You can request a payment plan for any unpaid amount, including Cigarette Taxes, Homestead Benefit, and Senior Freeze (Property Tax Reimbursem*nt) repayments. Your plan must include all unpaid balances. The monthly payment must be at least $25. Standard plans may be approved up to 60 months.

According to the Resident, Part-Year, and Nonresident filing instruction web-pages, you must file a return if: Your filing status is Single or Married Filing Separate AND your gross income was at least $10,000, OR.

What is too early to file taxes? ›

The IRS will accept filed tax returns as early as Jan. 29, but the deadline is April 15. You may be eager to file your taxes early to get your refund sooner and potentially avoid falling victim to fraud. If you file too early in the season, you may have to amend your return due to receiving updated tax forms.

So as long as you earned income, there is no minimum to file taxes in California. It is a good idea to talk with a tax professional to determine your filing status and whether you are required to file or could benefit from doing so anyway.

Sacramento - The California Franchise Tax Board (FTB) today reminded taxpayers that April 15 is the deadline for most Californians to file and pay their 2023 taxes to avoid penalties.

If you owe tax and don't file on time, there's also a penalty for not filing on time. The failure-to-file penalty is usually five percent of the tax owed for each month, or part of a month that your return is late, up to a maximum of 25%.

Payment options

The IRS may be able to provide some relief such as a short-term extension to pay (paid in 120 days or less), an installment agreement, an offer in compromise, or by temporarily delaying collection by reporting your account as currently not collectible until you are able to pay.

If you wish to pay the amount due to your state or IRS at a later date, you can elect to do so when you electronically file your return. However, the payment date cannot be after the filing deadline in April.