2024 Tax Deadlines
Stay on top of tax deadlines this year! We update this list throughout the years as tax laws change (but it’s not an exhaustive list around the specifics, so please go to the IRS website for more info).
A quick guide of the most important dates to keep in mind this calendar year.
January 16th: due date to pay 4th quarter estimated taxes.
January 31st:
Due date to send out 1099s and W-2s to recipients.
Due date to file 1099-NECs and W-2s/W-3s with the IRS.
February 28th: due date to file 1099s/1096s (aside from 1099-NECs) if you are paper filing.
March 15th:
Due date to file S-Corp (1120S) and partnership (1065) returns
Due date to elect S-Corp status for existing corporations or LLCs.
April 1st: due date to file 1099s/1096s (aside from 1099-NECs) if you are filing electronically.
April 15th:
Due date to file individual (1040), trust (1041), and C-Corp (1120) returns.
Last day to make HSA contributions and contributions to retirement plans.
Due date to pay 1st quarter estimated payments.
May 15th: due date to file most nonprofit returns (Form 990).
June 17th: due date to pay 2nd quarter estimated payments.
September 16th:
Due date for extended S-Corp and partnership tax returns.
Due date to pay 3rd quarter estimated payments.
September 30: due date for extended trust returns.
October 15th: due date for extended individual tax returns and C-Corp returns.
November 15th: due date to file extended nonprofit returns.
Remember the April 15th deadline is an extension to file, not an extension to pay. If you file an extension and still owe money you will be assessed the failure-to-pay penalty of 0.5% per month on the balance. This is a huge improvement over the 5% per month failure-to-file penalty.
If you haven’t found a good tax accountant (CPA) yet - don’t wait. Use these questions to ask your tax accountant to grow your business and here’s why you need a bookkeeper and a tax accountant in your business - both play different and important roles.