For the 2025 tax year (taxes filed in 2026), most Canadians must file their income tax return on or before April 30, 2026. If you are self-employed, the deadline to file is June 15, 2026, but any balance owing must still be paid by April 30, 2026, to avoid interest charges.
Tax filing deadline this year is Wednesday, April 30, 2025. Basic personal amount (BPA) for 2025 is $16,129. Tax credits and deductions — claim everything you're eligible for. File taxes on time to avoid penalties and report all income, including side gigs.
At What Age Can You Stop Filing Taxes? Taxes aren't determined by age, so you will never age out of paying taxes. People who are 65 or older at the end of 2025 have to file a return for that tax year (which is due in 2026) if their gross income is $16,550 or higher.
April 15, 2026, is the deadline for 2025 tax returns for individuals. The due date for filing your federal income tax return is typically April 15 if you're a calendar year filer, unless this day falls on a weekend or holiday, in which case the deadline is moved to the next business day.
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns for individuals who were earlier required to file by 31 July 2025. The revised deadline is now 16 September 2025.
The IRS will begin accepting 2025 tax returns on Jan. 26, when the agency officially opens the 2026 tax filing season. “The Internal Revenue Service is ready to help taxpayers meet their tax filing and payment obligations during the 2026 filing season,” said IRS Chief Executive Officer Frank Bisignano.
The Central Board of Direct Taxes (CBDT) has pushed the tax-audit report due date to 10 November 2025 and the ITR filing deadline for audit cases to 10 December 2025, giving businesses and professionals extra time to finish audit work and file returns.
If you need more time to file your taxes, request an extension by the April tax filing due date. This gives you until October 15 to file without penalties. Make sure you pay any tax you owe by the April filing date. The extension is only for filing your return.
The July 2025 passage of the One Big Beautiful Bill Act established many new tax laws that became effective immediately and made permanent many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) that were set to expire at the end of 2025.
No, you generally cannot file a second automatic tax extension after the October 15 deadline; the IRS only grants one six-month extension (from April to October) per tax year, and missing the October date means penalties for late filing begin to accrue, unless you qualify for specific exceptions like being in a disaster area or military service. If you missed the October deadline, your priority is to file your return as soon as possible, even if you can't pay everything immediately, to minimize failure-to-file penalties.
At the end of 2025, the individual tax provisions in the Tax Cuts and Jobs Act (TCJA) expire all at once. Without congressional action, most taxpayers will see a notable tax increase relative to current policy in 2026.
If you miss the April 15 tax deadline and owe taxes, the IRS charges penalties and interest for both late filing (up to 25%) and late payment (0.5% per month), accruing until paid, but you can minimize penalties by filing ASAP and paying what you can, even if you need a payment plan. There's no penalty if you're owed a refund and don't file, but you'll miss out on your money.
There is no specific age when tax filing is no longer required. The IRS bases filing obligations on income, not age. However, adults age 65 or older benefit from higher income thresholds before they are required to file. Do seniors have to pay taxes on Social Security?
Introduction of the “middle-class tax cut”
(In 2025, the lowest bracket applies to your first $57,375 of income.) Because this tax change happened mid-year, the effective tax rate in 2025 for the lowest income bracket is 14.5%. The full-year rate for 2026 onward will be 14%.
Generally, tax returns must be filed on or before April 30. If you have a balance owing, the CRA may charge interest and a late-filing penalty on returns filed after the due date.
The temporary GST/HST break ends on February 15, 2025. Starting 12:01 a.m. (local time) on February 16, businesses must resume charging GST/HST on previously exempted goods and services.
5 April 2025: End of the 2024/25 tax year.
A new deduction for qualifying overtime pay is now available, effective in the 2025 tax year. You can deduct up to $12,500 if you're a single filer or up to $25,000 if you're married filing jointly. The deduction begins to phase out once your MAGI hits $150,000 for single filers or $300,000 for joint filers.
The due date to file your California state tax return and pay any balance due is April 15, 2026. However, California grants an automatic extension until October 15, 2026 to file your return, although your payment is still due by April 15, 2026. No application is required for an extension to file.
IRS additional 2-month extension until December 15 for expats | TfE. If you're a green card holder living outside the United States, your tax obligations don&rsquo... Living abroad does not exempt US citizens from IRS reporting obligations involving foreign trusts ...
The IRS e-file shutdown 2025 begins on Friday, December 26, 2025, at 11:59 A.M. Eastern Time. During this annual maintenance period, the IRS takes its electronic tax filing system offline to update systems and prepare for the new tax year. The IRS announced it will officially reopen e-file on January 26, 2026.
The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income under sub-Section (1) of Section 139 of the Act for the Assessment Year 2025-26, which is 31st October, 2025 in the case of assessees referred in clause (a) of Explanation 2 to sub-Section (1) of Section 139 of ...