Don’t Miss the Final 2024 Tax Return Deadline: October 15, 2025

If you requested an extension to file your 2024 individual income tax return, the clock is ticking. The IRS granted you extra time, but that grace period ends at midnight on October 15, 2025. Here’s what you need to know to avoid penalties, interest, and unnecessary stress.

Why This Deadline Matters

• No More Extensions: The IRS does not grant additional time beyond October 15.
• Penalties Can Add Up: Failure-to-file penalties start at 5% of the tax owed per month, up to 25%.
• Interest Keeps Growing: Any unpaid taxes have been accruing interest since April 15, 2025, the original due date.

Even if you filed for an extension, tax payments were still due back in April. The extension only covered paperwork, not payment.

Key Steps to File Smoothly

1. Gather Your 2024 Documents

Make sure you have everything before you sit down to file:

• Form W-2 from each employer.
• Form 1099s for freelance income, dividends, or interest.
• Form 1098 for mortgage interest or tuition (1098-T).
• Records of deductible expenses such as charitable donations or medical costs.
• Health coverage forms (1095-A/B/C) if applicable.

2. Review Your Deduction Strategy

Don’t just default to last year’s choice. Look at any life changes, buying a home, large medical bills, or new dependents, that might make itemizing worthwhile this year. Even if you normally take the standard deduction, significant expenses such as mortgage interest, property taxes, or charitable gifts could lower your taxable income more than the standard deduction allows.

3. Max Out Last-Minute Credits

Check if you qualify for valuable credits that reduce tax dollar-for-dollar, such as:

• Earned Income Tax Credit (EITC)
• Child Tax Credit
• Education Credits like the American Opportunity or Lifetime Learning Credit
• Energy-efficient home improvement credits

E-File or Paper?

E-filing is faster and provides confirmation that the IRS received your return. If you have a refund, electronic filing plus direct deposit means you typically see the money within 21 days, although this period may vary depending on each case.

Common Pitfalls to Avoid

• Ignoring State Deadlines: Most states follow the federal extension date, but a few have their own rules.
• Forgetting Estimated Payments: If you’re self-employed or have side income, ensure your estimated quarterly payments are up to date to avoid underpayment penalties.
• Waiting Until the Last Minute: Technical glitches or missing paperwork can derail a last-day filing.

Need Help? Professional Support Can Save You Time

Preparing an accurate return, especially if you have multiple income sources, investments, or business activities, can be overwhelming. A tax professional can:

• Review deductions and credits to lower your bill.
• Ensure all IRS and state forms are complete.
• File securely and on time to prevent penalties.

Final Call: File by October 15, 2025

Mark your calendar, set reminders, and don’t delay. Whether you file on your own or work with a tax expert, October 15 is a hard stop. Submitting now can spare you late-filing penalties and keep you in good standing with the IRS.

Need assistance? Cadoli Multiservices is ready to help you finalize your 2024 return, maximize deductions, and avoid costly mistakes.

📞 Call 214-559-8966 today to schedule your appointment and cross this deadline off your list.