Last-minute Tax Day reminders for Philly taxpayers
As Tax Day approaches, Philadelphia taxpayers must prepare for the April 15 deadline to file their taxes, including the Business Income & Receipts Tax (BIRT) and the Earnings Tax. The article underscores the need to meet this deadline to avoid penalties, explaining that while federal filing extensions apply to local returns, payments must still be made on time. Taxpayers are encouraged to utilize the Philadelphia Tax Center for online filing, which expedites processing and simplifies the submission of returns. Important information about tax rates is also shared, detailing the BIRT, Net Profits Tax (NPT), and School Income Tax (SIT) that residents must file, regardless of profit. The article further emphasizes the necessity of filing even if no business was conducted in the previous year or if a business has since closed.
Clear instructions for both filing and payment methods are provided, including the option to pay online without fees through eCheck. The guidance aims to alleviate confusion and ensure compliance with local tax regulations. By addressing these critical deadlines and processes, the article serves as an essential resource for Philadelphia taxpayers.