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Robert Brown|Tax deadlines to keep in mind with Tax Day coming up
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Date:2025-04-10 23:01:28
Tax Day is Robert Browncoming, and if you are the sort who works best against a deadline, we can give you several to pencil into your calendar.
When is the filing deadline for 2024?
Taxes are due by April 15, which falls on a Monday. If you don't expect to file by then, you can request a six-month extension.
What happens if I miss the tax deadline?
If you fail to file your federal tax return on time, the standard penalty is a whopping 5% of any tax due for every month the return is late, up to 25% of the unpaid balance. If you file a return but fail to pay any taxes you owe, or if you get an extension, you typically face a much smaller monthly penalty of 0.5% of any unpaid amount.
Tax season can be terrifying.Here's everything to know before filing your taxes in 2024.
Are there exceptions to the April 15 tax deadline?
Yes. The IRS extends the annual tax deadline for taxpayers who live or do business in areas afflicted by disasters and for people in states with local holidays.
A complete list of disaster-related extensions is on their website.
Maine and Massachusetts tax deadline
Residents of Massachusetts and Maine have until April 17 to file their federal tax return because of state holidays.
Tennessee tax deadline
Individuals and businesses in parts of Tennessee affected by the series of severe storms and tornadoes that began on December 9 now have until June 17 to file their taxes.
Tax deadline for taxpayers impacted by Israel terrorist attacks
Individuals and businesses affected by the recent terrorist attacks in Israel now have until October 7 to file their taxes.
Deadline for filing income tax returns that have received extensions
If you request an extension, you'll have until October 15 to file your return. Importantly, that doesn't buy you more time to pay your taxes. You'll still have to pay any amount due to avoid penalties, but you'll have more time to complete your tax forms.
1099 deadline
If you're a freelancer, an independent contractor, or earn income from other sources outside of a traditional job, you should have received a 1099 tax form by Feb. 15. Employers are generally required to send the forms by the end of January.
Get an extra deduction:Older adults can save on 2023 taxes by claiming an extra deduction. Here's how to do it.
W-2 deadline
Your employer is also required to have sent you a W-2 by Jan. 31.
Free file:Taxpayers in 13 states can file income taxes with the IRS for free in 2024. Here's how.
Free e-filing:IRS launches a pilot program.
Quarterly tax due dates
If you earn income that isn't subject to withholding taxes, you're typically required to make estimated tax payments to the IRS. You can do this every quarter or through one annualized estimate. The annualized estimate is due on April 15.
The quarterly payments for 2024 are due by the following dates:
- First payment: April 15.
- Second payment: June 17.
- Third payment: Sept. 16.
- Fourth payment: Jan. 15, 2025.
More of your 2024 tax season questions answered
IRS announces new tax brackets for 2024. What does that mean for you?
Flush with new funding, the IRS zeroes in on the taxes of uber-wealthy Americans
Your single largest payday may be a 2023 tax filing away. File early to get a refund sooner
Is it better to pay someone to do your taxes or do them yourself? We'll help you decide.
New IRS tax brackets and standard deductions for 2024: See how much they were raised
IRS delays 1099-K rules for ticket sales, announces new $5,000 threshold for 2024
IRS to offer pandemic-related relief on some penalties to nearly 5 million taxpayers
Driving for work will pay more next year after IRS boosts 2024 mileage rate
What is OASDI tax on my paycheck? Here's why you and your employer pay this federal tax.
A 30% national sales tax? Abolishing the IRS? Here's what the FairTax Act of 2023 would do
These 8 states don’t have an income tax. Does yours make the list?
What is net pay? How it works, how to calculate it and its difference from gross pay
Daniel de Visé covers personal finance for USA Today.
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