When it comes to preparing a tax return, it is never too early to start preparing your students. Do they know this important date?

Answer: April 15th, 2024

Questions:

• Just like schoolwork, why is it important to know the deadline to file your tax return?
• Can you file your tax return early? Why might you file BEFORE the deadline?
• Why do you think the IRS gives people a few months after the end of the tax year to file their tax return?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (TurboTax)

• Individual income tax returns are typically due April 15, unless the date falls on a weekend or holiday or you file Form 4868 seeking an extension until October 15.
• Independent contractors, gig workers, and self-employed people usually have to make quarterly estimated tax payments are pre-set dates throughout the year.
• Partnerships (including multi-member LLCs) and S-Corps filing deadlines are typically either March 15 unless they operate on a fiscal year. A six-month extension to September 15 (or five months after the original deadline) can be requested using Form 7004.

----------------

Want to dig into the 1040? Check out NGPF's On-Demand module: Tackling the 1040. 

----------------

We update our taxes unit every year! Check out the updated Taxes Unit here. 

About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.