For 2016, you’ll have a few extra days to file your 2015 personal tax return. Normally you have up until April 15th but because this year that falls on a federal holiday (on a Friday) and the deadline never falls on a weekend, the date is moved out to Monday April 18th, 2016 at 11:59PM local time. Certain individuals are excluded from this deadline and may qualify for an automatic extension like those serving in the military in a combat zone and certain individuals living outside of the United States during the 2015 tax year.
Of course or the rest of us that are not ready to file taxes yet, maybe because of some errors in your documents or still need to tax to your accountant regarding your specific tax situation, you still have the option to regent for a tax extension. If granted, that will give you an extra 6 months to file but you’ll just have to pay whatever you will owe to the government by April 18th to avoid any penalties and interest charges. You can learn more at irs.gov or file through popular tax software programs like TurboTax and H&R Block.
It’s important to note that if you operate a business, the tax deadlines will differ. For Partnerships and S Corporations, the tax deadline occurs on March 15th, 2016. C-Corporations and FBARs (FINCEN Form 114) will have to file in April by the April 18th deadline.
In terms of filing, you can either do it yourself or go to an accountant for help. Often the most cost effective choice is doing it yourself and thanks to the many at home options out there to choose from, it’s not only easy but not too expensive either. Most programs like TurboTax and H&R Block include free filing for simple returns, a support center for those that get stuck along the way, and even phone support for 1:1 help.