Whether you are an individual salaried person, an entrepreneur, or a business owner, one question unites us all: “When are taxes due this year?”
This blog will serve as your cheat sheet to remember all the tax deadlines 2024. You will also learn about the possible extensions and other factors that may affect your tax filing 2024. Therefore, make sure to mark these dates on your calendar so you stay on top of your tax prep and submission in 2024.
Table of Contents
When Are My Taxes Due in 2024?
April 15, 2024, is the general tax deadlinefor filing your federal income tax return. However, the residents of Massachusetts and Maine will have until April 17, 2024, due to state holidays. You can also request a six-month tax extension using Form 4868 by April 15, 2024. This will move your tax filing deadline to Oct. 15, 2024.
For last-minute tax filers, the IRS will consider your paper return on time on two conditions:
1. If your paperwork was addressed correctly
2. It had enough postage; you postmarked it and put it in the mail by the due date. For those who file electronically, the IRS specifies that the date and time of transmission in your time zone will determine the timeliness of your return.
Important Tax Deadlines for Individual Filers in 2024
| Deadline | Applicable | Description |
|---|---|---|
| January 12,
2024 |
For
taxpayers who make below a certain income. |
The Free File program opens and begins accepting returns on Jan. 12 |
| January 16,
2024 |
For
Self-Employed Workers and Taxpayers (If your withholding does not cover enough of your tax liability. |
This is the last day to pay your estimated taxes for income you earned between September 1, 2023, and December 31, 2023. |
| January 29,
2024 |
For All Categories | The IRS starts accepting and processing federal tax returns for all.
Remember, if you applied for credits, like the additional child tax credit or earned income tax credit - the IRS will not issue your tax refund until at least mid-February. Even if you file early. |
| January 31,
2024 |
For
Form W-2 Form 1099 |
Form W-2 Due Date
Employers must send or provide W-2 forms to employees who worked for them in 2023 by the specified tax deadline. 1099 Deadlines The IRS mandates that specific information returns, such as 1099-NEC, 1099-K, and 1099-INT, must be issued or mailed by January 31. This means that if you earned particular income from interest in 2023 or worked as a freelancer with non-employee earnings totaling $600 or more, you should anticipate receiving a document in your inbox or through mail detailing those earnings around this time. It will be crucial to refer to this information when filing your taxes. |
| February 15,
2024 |
For
Form W-4 Deadline for Tax-Exempt Status • 1099 – Deadline Continues |
Form W-4 Deadline for Tax-Exempt Status
If you were exempt from tax withholding in 2023, this marks the deadline for submitting a new Form W-4 to your employer if you wish to retain the exemption for 2024. 1099 Deadlines (Continued) Additional deadlines pertain to informational returns such as 1099-Bs (for income derived from the sale of specific securities) and specific 1099-MISC forms. These must be dispatched to recipients by the specified date. Further details on information returns can be found on the IRS website. |
| Tax Day
April 15, 2024 |
For
Federal Tax Filing • IRA & HSA Contributions Deadline • Estimated Taxes Due For 1st Quarter |
Federal Tax Filing Deadline
This marks the date you must submit your taxes to the IRS. It is also the deadline for filing a tax extension. It's essential to note that a tax extension grants additional time for filing your return, not for paying your taxes. Even with an extension request, any taxes owed must be paid by April 15. HSA and IRA Contribution Deadline The final day to contribute to your health savings account or a Roth/traditional individual retirement account for the tax year 2023. The HSA contribution limit 2023 is $3,850 for individuals and $7,750 for family coverage. In 2023, the contribution limit for IRAs is $6,500 ($7,500 for individuals aged 50 or older). Estimated Taxes Due for 1st Quarter Payments for estimated taxes on income earned in the first quarter of the year (January 1, 2024, through March 31, 2024) are due today. |
| June 17,
2024 |
For
• Estimated Taxes Due for 2nd Quarter • Tax Deadline for American Citizens living abroad (Expats) |
Estimated Taxes Due for 2nd Quarter
This is the deadline for making estimated tax payments on income earned during the second quarter of the year (April 1, 2024, through May 31, 2024). Tax Deadline for Expatriates People who reside or work outside the U.S. receive an automatic two-month extension from April to file their taxes on time. Taxes for this group are due by June 17, 2024 |
| Mid-July,
2024 |
For
Claiming 2020 Tax Refund |
Usually, this deadline marks the last month within a three-year period to file your tax return and request a refund for a prior-year return. |
| Sept 16,
2024 |
For
Estimated Taxes Due for 3rd Quarter |
This is the deadline for making estimated tax payments on income earned during the third quarter of the year (June 1, 2024, through August 31, 2024). |
| October 15,
2024 |
For
• Tax Extension Deadline • Solo 401(K), SEP & Simple IRA Contribution Deadline |
Tax Extension Deadline
Requesting an extension by April 15 provides an extension until October 15 to complete and submit your tax returns. If this deadline is not met, the IRS will deem your return late, and penalties will accrue. SEP and Simple IRA, Solo 401(k) Contribution Deadline Individuals who have set up any of the self-employment retirement plans mentioned above and successfully filed for an extension in April now have until October 15 to make their final contribution to these plans for the 2023 tax year. |
| December 31,
2024 |
For
• 401(K) Contribution Deadline • RMD Deadline • Charitable Donation Deadline |
401(k) Contributions Deadline
The final day for making qualified contributions to an employer-sponsored retirement plan, such as a traditional or Roth 401(k), is generally December 31. For the 2024 tax year, the maximum contribution allowed is $23,000 ($30,500 for individuals aged 50 or older). RMD Deadline If you are obligated to take Required Minimum Distributions (RMDs), they must be completed by December 31. Charitable Donations Deadline For those who itemize deductions and wish to contribute to charity to reduce taxable income, December 31 is the last day to do so for the 2024 tax year. |
| January 15,
2025 |
For
Estimated Taxes Due for the 4th Quarter in 2024 |
This marks the ultimate quarterly estimated tax payment obligation for the year 2024. Opting to pay 100% of your previous year's tax liability means that any outstanding taxes will be payable when you submit your 2024 individual tax return by the April 2025 deadline. |
January 12, 2024
For taxpayers who make below a certain income.
The Free File program opens and begins accepting returns on Jan. 12
January 16, 2024
For Self-Employed Workers and Taxpayers
(If your withholding does not cover enough of your tax liability. This is the last day to pay your estimated taxes for income you earned between September 1, 2023, and December 31, 2023.
January 29, 2024
For All Categories
The IRS starts accepting and processing federal tax returns for all. Remember, if you applied for credits, like the additional child tax credit or earned income tax credit – the IRS will not issue your tax refund until at least mid-February. Even if you file early.
January 31, 2024
Form W-2 Due Date
Employers must send or provide W-2 forms to employees who worked for them in 2023 by the specified tax deadline.
1099 Deadlines
The IRS mandates that specific information returns, such as 1099-NEC, 1099-K, and 1099-INT, must be issued or mailed by January 31. This means that if you earned particular income from interest in 2023 or worked as a freelancer with non-employee earnings totaling $600 or more, you should anticipate receiving a document in your inbox or through mail detailing those earnings around this time. It will be crucial to refer to this information when filing your taxes.
February 15, 2024
For Form W-4 Deadline for Tax-Exempt Status
If you were exempt from tax withholding in 2023, this marks the deadline for submitting a new Form W-4 to your employer if you wish to retain the exemption for 2024.
1099 Deadlines (Continued)
Additional deadlines pertain to informational returns such as 1099-Bs (for income derived from the sale of specific securities) and specific 1099-MISC forms. These must be dispatched to recipients by the specified date. Further details on information returns can be found on the IRS website.
April 15, 2024
Tax Day for Federal Tax Filing IRA & HSA Contributions Deadline, Estimated Taxes Due For 1st Quarter & Federal Tax Filing Deadline
This marks the date you must submit your taxes to the IRS. It is also the deadline for filing a tax extension. It’s essential to note that a tax extension grants additional time for filing your return, not for paying your taxes. Even with an extension request, any taxes owed must be paid by April 15.
HSA and IRA Contribution Deadline
The final day to contribute to your health savings account or a Roth/traditional individual retirement account for the tax year 2023. The HSA contribution limit 2023 is $3,850 for individuals and $7,750 for family coverage. In 2023, the contribution limit for IRAs is $6,500 ($7,500 for individuals aged 50 or older).
Estimated Taxes Due for 1st Quarter
Payments for estimated taxes on income earned in the first quarter of the year (January 1, 2024, through March 31, 2024) are due today.
June 17, 2024
For Estimated Taxes Due for 2nd Quarter, Tax Deadline for American Citizens living abroad (Expats) & Estimated Taxes Due for 2nd Quarter
This is the deadline for making estimated tax payments on income earned during the second quarter of the year (April 1, 2024, through May 31, 2024).
Tax Deadline for Expatriates
People who reside or work outside the U.S. receive an automatic two-month extension from April to file their taxes on time. Taxes for this group are due by June 17, 2024
Mid-July, 2024
For Claiming 2020 Tax Refund
Usually, this deadline marks the last month within a three-year period to file your tax return and request a refund for a prior-year return.
September 16, 2024
For Estimated Taxes Due for 3rd Quarter
This is the deadline for making estimated tax payments on income earned during the third quarter of the year (June 1, 2024, through August 31, 2024).
October 15, 2024
For Tax Extension Deadline, Solo 401(K), SEP & Simple IRA Contribution Deadline
Tax Extension Deadline
Requesting an extension by April 15 provides an extension until October 15 to complete and submit your tax returns. If this deadline is not met, the IRS will deem your return late, and penalties will accrue.
SEP and Simple IRA, Solo 401(k) Contribution Deadline
Individuals who have set up any of the self-employment retirement plans mentioned above and successfully filed for an extension in April now have until October 15 to make their final contribution to these plans for the 2023 tax year.
December 15, 2024
For 401(K) Contribution Deadline, RMD Deadline, Charitable Donation Deadline & 401(k) Contributions Deadline
The final day for making qualified contributions to an employer-sponsored retirement plan, such as a traditional or Roth 401(k), is generally December 31. For the 2024 tax year, the maximum contribution allowed is $23,000 ($30,500 for individuals aged 50 or older).
RMD Deadline
If you are obligated to take Required Minimum Distributions (RMDs), they must be completed by December 31.
Charitable Donations Deadline
For those who itemize deductions and wish to contribute to charity to reduce taxable income, December 31 is the last day to do so for the 2024 tax year.
January 15, 2025
For Estimated Taxes Due for the 4th Quarter in 2024
This marks the ultimate quarterly estimated tax payment obligation for the year 2024. Opting to pay 100% of your previous year’s tax liability means that any outstanding taxes will be payable when you submit your 2024 individual tax return by the April 2025 deadline.
| Deadline | Description |
|---|---|
| January 15,
2024 |
Estimated Taxes Due for the 4th Quarter in 2023 |
| Early
2024-2023 |
Tax season begins for all businesses |
| January 31,
2024 |
Employers must send employees’ W-2 forms by this deadline |
| January 31,
2024 |
Send in certain 1099 forms |
| March 15,
2024 |
Partnerships, including multi-member LLCs and S-Corporations, must submit Form 1065 or 1120S by March 15, 2024, if they operate on a calendar year basis. For businesses utilizing a fiscal year, the tax return for business must be filed by the 15th day of the third month following the conclusion of the fiscal year. |
| April 15,
2024 |
Taxes deadline for C-Corporations C-Corporations are required to submit Form 1120 by April 15, 2024, if they operate on a calendar year basis. For businesses following a fiscal year, the tax return for C-corps must be filed by the 15th day of the third month after the conclusion of the fiscal year. |
| September 16, 2024 | Deadline for extended partnerships and S-corporations returns |
| October 15,
2024 |
Deadline for extended C-corporations returns |
| January 15,
2025 |
Estimated tax payment due for the Fourth quarter of 2024 |
| Deadline |
|---|
| January 15,
2024 |
| Early
2024-2023 |
| January 31,
2024 |
| January 31,
2024 |
| March 15,
2024 |
| April 15,
2024 |
| September 16, 2024 |
| October 15,
2024 |
| January 15,
2025 |
| Description |
|---|
| Estimated Taxes Due for the 4th Quarter in 2023 |
| Tax season begins for all businesses |
| Employers must send employees’ W-2 forms by this deadline |
| Send in certain 1099 forms |
| Partnerships, including multi-member LLCs and S-Corporations, must submit Form 1065 or 1120S by March 15, 2024, if they operate on a calendar year basis. For businesses utilizing a fiscal year, the tax return for business must be filed by the 15th day of the third month following the conclusion of the fiscal year. |
| Taxes deadline for C-Corporations C-Corporations are required to submit Form 1120 by April 15, 2024, if they operate on a calendar year basis. For businesses following a fiscal year, the tax return for C-corps must be filed by the 15th day of the third month after the conclusion of the fiscal year. |
| Deadline for extended partnerships and S-corporations returns |
| Deadline for extended C-corporations returns |
| Estimated tax payment due for the Fourth quarter of 2024 |
3 Tips to Remember Before Tax Deadlines in 2024
You can contribute to a traditional or Roth IRA and deduct it from your taxable income. The deadline to contribute to the IRA is April 15, 2024. For 2024, if you are younger than 50, the contribution limit is 7,000. In case you are 50 years of age or older, your IRA contribution limit is up to $8,000.
Top-up-Your HSA
This health savings account (HSA), accessible to people with a high-deductible health plan, offers a tax-efficient method for covering out-of-pocket expenses. You can make contributions to your HSA for the 2023 until April 15, 2024.
For 2023, the limits are $3,850 for an individual HSA owner and $7,750 for a family. In 2024, these limits increase to $4,150 for individuals and $8,300 for families. Individuals aged 55 or older have the option to contribute an additional $1,000 to their HSA.
This health savings account (HSA), accessible to people with a high-deductible health plan, offers a tax-efficient method for covering out-of-pocket expenses. You can make contributions to your HSA for the 2023 until April 15, 2024.
For 2023, the limits are $3,850 for an individual HSA owner and $7,750 for a family. In 2024, these limits increase to $4,150 for individuals and $8,300 for families. Individuals aged 55 or older have the option to contribute an additional $1,000 to their HSA.
Contributions made to a traditional 401(k) result in a reduction of your overall taxable income for the year. For instance, if your annual income is $65,000 and you contribute $10,000 to your 401(k), you will only be taxed on $55,000 of your earnings, effectively shielding $10,000 from taxes.
Additionally, many employers offer matching contributions, providing an opportunity to receive extra funds if you contribute sufficiently to your account.
While it is no longer possible to contribute for 2023, there is ample time to develop a strategy for the current year. In 2024, you can contribute up to $23,000 (or up to $30,500 if you’re 50 or older) by December 31. Explore more details on 401(k) contribution limits for comprehensive information.
Frequently Asked Questions
If you anticipate that you will not be able to complete your tax return by April 15, 2024, you have the option to request an extension, providing you with additional time. However, you must remember that while an extension allows more time to file, it does not extend the deadline for tax payments.
If you anticipate a tax liability, the IRS recommends filing and paying your estimated taxes to minimize penalties and interest. If you are unable to pay the full tax amount, you can avail yourself of and arrange an installment plan with the IRS.
In case you expect a tax refund from the IRS, there is no penalty for filing late. However, it is advisable to file your taxes promptly to expedite the refund process. It is important to remember that even if you are not subject to penalties for filing late, there is a high likelihood that you still need to file a tax return. The IRS maintains strict criteria for determining who must file, taking into account factors such as annual income.
If you have overpaid for the 2023 tax year, there is usually no penalty for submitting your tax return after the deadline. Nevertheless, it is advisable to file your taxes as soon as possible.
If you fail to meet a tax filing deadline in 2024 and have a tax obligation to the IRS, it is essential to submit your tax return promptly. Each day your tax return remains overdue, the IRS typically imposes interest, failure-to-file penalties, and failure-to-pay penalties until you file your return and settle the outstanding balance.
Accordion ContentIf you fail to meet a tax filing deadline in 2024 and have a tax obligation to the IRS, it is essential to submit your tax return promptly. Each day your tax return remains overdue, the IRS typically imposes interest, failure-to-file penalties, and failure-to-pay penalties until you file your return and settle the outstanding balance.
The fastest method for submitting your tax return in 2024 is through electronic filing (e-filing). E-filing with the IRS offers enhanced security compared to paper filing. As the tax return is transmitted electronically, concerns about it being lost in the mail or arriving tardily are eliminated. Furthermore, immediate confirmation is provided that the IRS has received and initiated the processing of your tax returFor those anticipating a tax refund, the expedited way to receive the funds is by opting for an electronic deposit into your bank account. By combining direct deposit with electronic filing, the IRS typically issues 90% of refunds in less than 21 days.
