Essential US Tax Deadlines You Can't Miss
Navigating the complex landscape of US tax deadlines can be challenging. Missing a deadline can result in penalties, so it's crucial to mark your calendar with these essential dates to ensure you're in compliance with the IRS.
Key Tax Deadlines for Individuals
January 15, 2024
Fourth Quarter Estimated Tax Payment Due If you're self-employed or receive income not subject to withholding, the final estimated tax payment for the previous year is due.
April 15, 2024
Individual Tax Return Filing Deadline This is the deadline for filing your federal income tax return. If you can’t file by this date, you can request a six-month extension, but be aware that any taxes owed are still due by April 15.
June 15, 2024
Second Quarter Estimated Tax Payment Due For self-employed individuals or those with significant income not subject to withholding, this is the due date for the second quarterly estimated tax payment of the year.
October 15, 2024
Extended Individual Tax Return Deadline If you filed an extension, this is the last day to submit your individual tax return for the previous year.
Important Deadlines for Businesses
March 15, 2024
S-Corporation and Partnership Tax Returns Due S-Corporations and partnerships need to file their tax returns by this date. An extension is available, pushing the deadline to September 15.
April 15, 2024
C-Corporation Tax Returns Due C-Corporations must file their tax returns, unless they request an extension, which moves the deadline to October 15.
Other Notable Deadlines
September 15, 2024
Third Quarter Estimated Tax Payment Due This is the due date for the third quarterly estimated tax payment for individuals and businesses.
December 31, 2024
Last Day for Tax-Related Transactions The final day to complete any tax-related transactions that can impact your tax return for the current year, such as charitable contributions.
Tips for Staying on Top of Your Tax Deadlines
- Set Reminders: Use digital calendars or apps to set reminders for each deadline.
- Organize Documents Early: Keep all relevant financial documents in one place to facilitate a smoother tax filing process.
- Consult a Tax Professional: If your tax situation is complex, consider consulting a professional to ensure compliance and explore potential deductions.
By keeping these deadlines in mind and preparing in advance, you can avoid unnecessary penalties and make the tax season less stressful.