STRESS! This Vital Date Set For New York State Residents

There is an important date that anyone who works in New York State should circle on their calendar.

The year has flown by and 2025 will be here soon! While we wait for the ball to drop in Times Square, some of us are planning ahead for the next responsibility.

After the confetti is cleaned up, and the hangover is gone, the work begins again and it is time to seek that refund for the work you did in 2024.

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It is time to think about what you will do with the refund that you are expecting from New York State and the IRS. However, before the direct deposit can get to the bank account, you will need to file.

When can you start to file 2024 income taxes?

According to reports, and a post from the IRS, the date you can start to file is January 27th, 2025!

The IRS reminds you that the deadline for 2024 last quarterly estimated payment is Jan. 15, 2025. "Taxpayers with non-wage income—such as unemployment benefits, self-employment income, annuity payments or earnings from digital assets—may need to make estimated or additional tax payments".

Here in New York State, there will once again be key dates for those who want to file an extension. If you wonder, how can I file an extension for taxes in New York State, the state's department of tax has a pretty helpful GUIDE.

Most of the reports indicated that we can expect a return (direct deposit) within 21 days baring any hiccups or filing isssues.