The deadline for filing your income tax return usually falls on ___________.

The deadline for filing your income tax return usually falls on ___________.

• A. July 4
• B. April 15
• C. October 13
• D. August 15

Answer: (B)

The deadline for filing your income tax return typically falls on April 15. This date is significant as it marks the end of the tax season for most individuals in the United States, where taxpayers are required to submit their returns for the prior calendar year. April 15 is established by the Internal Revenue Service (IRS) as the due date, and this timeline allows individuals to prepare their financial documents and calculate their taxes owed based on income and deductions from the previous year. In cases where April 15 falls on a weekend or holiday, the deadline may be extended to the next business day, but the customary deadline remains April 15. Understanding this deadline is crucial for effective financial planning, as failing to file on time can result in penalties and interest charges on any taxes owed.

The deadline for filing your income tax return typically falls on April 15. This date is significant as it marks the end of the tax season for most individuals in the United States, where taxpayers are required to submit their returns for the prior calendar year.

April 15 is established by the Internal Revenue Service (IRS) as the due date, and this timeline allows individuals to prepare their financial documents and calculate their taxes owed based on income and deductions from the previous year. In cases where April 15 falls on a weekend or holiday, the deadline may be extended to the next business day, but the customary deadline remains April 15.

Understanding this deadline is crucial for effective financial planning, as failing to file on time can result in penalties and interest charges on any taxes owed.