There is a time and place for everything…including your 2014 tax return.
The 2015 tax season was that time and place. Although you’re a little late, you can still file your 2014 taxes. You just won’t be able to electronically file (e-file) it.
IRS e-file dates and deadlines
Each December, the IRS comes out with the e-file start dates and deadlines for that year’s upcoming tax season. For 2014 returns, those dates fell between January and October of 2015. The IRS promptly closes their e-filing system after that.
Can I still submit my 2014 taxes to the IRS?
Yes! You can and you should. You’ll need to sign and mail your tax return to the IRS instead of just submitting it online like you may be used to. The preparation process that you typically follow can remain the same. Not sure where to prepare your return? We can help you with that on RapidTax! It’s quick and easy; even for late tax returns. All you need to do is create an account with a unique username and password. Then begin entering your tax information into our user-friendly application. It’s even free to try with several pricing packages to fit your tax situation once you enter all of your information.
Can I still claim a 2014 tax refund?
That’s a yes! The IRS has a Statute of Limitations in place that allows taxpayers three years from the original due date to claim a refund. That means you can claim your 2014 IRS refund until April 2018. Keep in mind that it will take a bit longer than usual to receive that refund in the mail since it is a prior year return now. It can take the IRS about 6 weeks to process an accurately completed late tax return.
What penalties am I facing for a 2014 tax due amount?
There are currently two penalties when it comes to late filing a tax return with the IRS.
- Failure-to-pay
- Failure-to-file
The failure-to-pay penalty accrues for paying your tax due past the deadline. It is 0.5% per month of your unpaid taxes. This begins to accrue the day after your taxes are due to the IRS and applies for each month (or part of a month) that they remain unpaid. It will not add up to be more than 25% of your unpaid tax amount due.
The failure-to file penalty accrues for filing your tax return past the deadline. It is 5% of the unpaid taxes for each month (or part of a month) that your tax return is late. Based on the percentage, this penalty can add up to be ten times more than the failure-to-pay penalty. What’s this mean for you? If you’re not filing because you know you won’t be able to pay, think again. You should file now and face the smaller of the two penalty fees!
What’s the takeaway?
Here’s the thing. You should always file your tax return; late or not, refund or not. Taxes help you out with loan qualifications, rental agreements, and sometimes even your credit. If you’re behind, that’s okay. But why not takes small steps to get back on track?
I e filed my 2017 taxes & I had a old w2 from 2015 that I added to that year as well. The irs ready accepted my return. Now what
Hello Alexis,
You will need to amend your tax return (Form 1040X) and exclude your W-2 from 2015. You will need to paper file your amended return. If you have not filed a 2015 return, you will need to paper file your prior year return with the correct W-2 form.
Can I file my taxes around December or u have to wait till next year.
Hello Nohemi,
Every prior year tax return must be paper filed, as the e-file deadline has passed. We advise you file your prior year returns, especially if you have a tax liability. Keep in mind, the IRS charges interest and penalties for each month your tax liability is unpaid. For tax refunds, the 2014 statute of limitations for your refund has passed and you cannot claim a refund. In other words, the only return that can be e-filed is your 2017 tax return which can be e-filed until October 18th, 2018.
What do you mean? You said “For tax refunds, the 2014 statute of limitations for your refund has passed and you cannot claim a refund” I mailed in my 2014 return this April and I’m getting back a refund. Not sure what you’re trying to say. I know their is statute of limitations of 3 years and April 17, 2018 was the last day to file and recieve a refund for 2014 tax returns.
alliecromer@yahoo.com
Hello,
I’m wondering how to e-file my 2014 tax return?
Because the e-filing deadline has since passed, you won’t be able to e-file your 2014 tax returns. In order to proceed with sending in your tax return, you will need to proceed with mailing off your tax forms once they have been processed.
E-filing is not available for prior tax returns. Therefore, you will have to paper-file your 2014 income tax return.
I did my tax on January 19 this year. when will i get them in my back? I hope soon.
Hi Lisa,
The answer to your question will definitely depend on how you requested to receive your refund. If you chose direct deposit, please take a look at our 2016 Refund Cycle Chart HERE. Although the IRS will no longer provide estimate dates for when they will distribute refunds, prior year trends seem to remain consistent. Choosing direct deposit to receive your refund would land you in the week of February 5th, 2016. Keep in mind that this approximate date can change with any complications of your return with the IRS.
Can i still file my 2013 taxes? (Yes im late lol)
Hi Kassye,
Not to worry, you are not the only one! You can still file your 2013 tax return. If you are due a refund, then you can even still claim that money. If you have tax due, you may need to pay a penalty fee to the IRS however, it is better to file as soon as possible than not at all. You can create an account now and our customer service team can help you along the way.