Calendar
Deadlines
Self-Employed and Small Business Owners
Self-employed individuals and anyone who does not have taxes withheld from paychecks by an employer should send in estimated taxes owed each quarter to avoid being penalized.
- January 31 Deadline for employers to mail taxpayers their tax year W-2 forms.
- February 17 Deadline for brokers, brokerage firms and mutual fund companies to issue
Forms 1099-B and 1099-MISC which document taxes withheld, interest earned,
dividends paid, and capital gains.
- April 15 Deadline for filing federal and state income tax returns and for filing extensions to file
- June 30 Pennsylvania Rent and Property Rebate filing deadline
- October 15 Deadline for filing returns for those requesting an extension to file returns after April 15.
Self-Employed and Small Business Owners
Self-employed individuals and anyone who does not have taxes withheld from paychecks by an employer should send in estimated taxes owed each quarter to avoid being penalized.
- Click here to see the current IRS Tax Calendar for Small Businesses and Self-Employee.
- Blank vouchers of Form 1040-ES for use in sending estimated taxes for the current tax year.
- The General Tax Calendar section in IRS Publication 509 contains detailed information regarding important tax dates for individuals.
Refund Information
Visit the IRS's Where's My Refund? site.
Tax Calculators
Adjust your withholdings
Did you get a big refund or were surprised by the amount of additional tax you owed the IRS? If you answered yes to either question, adjusting your withholdings may help. The number of withholdings you recorded on your Form W-4 with your employer determines how much tax is withheld from each paycheck. If you have not seen a Form W-4 since the day you were hired or since the last tax year, you should check out the IRS withholding calculator .
Finally, do not confuse withholding allowances on the Form W-4 with exemptions. An exemption is a deduction received for yourself and if applicable your spouse and dependents. In short, it is a deduction that reduces the amount of taxes owed. The exemption amount varies each tax year.
Marginal Tax Rate
Your marginal tax rate is the tax bracket your last dollar of taxable income falls in.
For example, for 2017, if your filing status is single and your taxable income is $40,000; the taxes owed would be calculated as follows:
Did you get a big refund or were surprised by the amount of additional tax you owed the IRS? If you answered yes to either question, adjusting your withholdings may help. The number of withholdings you recorded on your Form W-4 with your employer determines how much tax is withheld from each paycheck. If you have not seen a Form W-4 since the day you were hired or since the last tax year, you should check out the IRS withholding calculator .
Finally, do not confuse withholding allowances on the Form W-4 with exemptions. An exemption is a deduction received for yourself and if applicable your spouse and dependents. In short, it is a deduction that reduces the amount of taxes owed. The exemption amount varies each tax year.
Marginal Tax Rate
Your marginal tax rate is the tax bracket your last dollar of taxable income falls in.
For example, for 2017, if your filing status is single and your taxable income is $40,000; the taxes owed would be calculated as follows:
- The first $9,324 would be taxed at 10%
- The amount falling between $9,325 to $37,950 would be taxed at 15%
- The remaining amount would be taxed at 25%.