Last Day to File Taxes for 2016
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April 18th, 2016 is the last day to file taxes for 2016 (for the ACA and otherwise). We have an exhaustive page of tax advice here, but here are a few tips.
NOTE: Typically taxes are due on the 15th, but for 2016 it has been extended to the 18th. The IRS explains why here. In short, the 15th is a legal holiday (Emancipation Day) and “Section 7503 of the Code provides that, when April 15 falls on a Saturday, Sunday, or legal holiday, a return is considered timely filed if it is filed on the next succeeding day that is not a Saturday, Sunday, or legal holiday.”
- If you got marketplace tax credits, you must file form 8962 (unless you are exempt from filing).
- For 8965, if you don’t have an ECN yet, put PENDING as the code.
- If you don’t have a 1095-A consider filing an extension.
- If you don’t think the refund or repayment is right, double check 8962 and make sure you didn’t miss something.
- There are lots of details to get right, so do check the link above for the tome of tax information related to the ACA.
- When in doubt the IRS or a tax professional is a good bet, but remember, this is last minute so the lines are busy.