Perfect Balance Bookkeeping & Tax Services is your go-to resource for all things tax-related. As we dive into 2024, it's crucial to stay ahead of the game by understanding the important tax deadlines for the year ahead. Let's explore four key points to help you easily navigate the tax season.
2024 Tax Deadlines and Extensions
2024 Tax Deadlines and Extensions
Tax Day in 2024
Tax Day, the deadline for filing your federal income tax return, falls on April 15, 2024. This date is significant for both individual filers and businesses alike. Be sure to mark your calendar and file your taxes on time to avoid penalties and interest.
Payment Deadline
Individuals and businesses are required to pay any taxes owed by the tax deadline, which is April 15, 2024, for the 2023 tax year. It's essential to make timely payments to avoid accruing additional fees and interest charges.
Important Dates for Individual Filers
Individual filers have several key dates to remember throughout the tax season.
January 16, 2024: 4th Quarter 2023 estimated tax payment due.
January 29, 2024: 2023 Tax season begins (IRS starts accepting and processing federal tax returns).
January 31, 2024: Employers send W-2 forms to employees.
January 31, 2024: Certain 1099 forms are sent.
February 15, 2024: Reclaim your exemption from withholding.
April 1, 2024: Required minimum distribution due if you turned 73 in 2023.
April 15, 2024: Tax day (unless extended due to local state holiday).
April 15, 2024: Deadline to File Form 4868 and request an extension.
April 15, 2024: Deadline to make IRA and HSA contributions for the 2023 tax year.
April 15, 2024: First quarter 2024 estimated tax payment due.
June 17, 2024: Second quarter 2024 estimated tax payment due.
September 16, 2024: Third quarter 2024 estimated tax payment due.
October 15, 2024: Deadline to file your extended 2023 tax return.
Deadlines for Businesses
Businesses, including partnerships, S Corps, and C Corps, have their own set of important deadlines to adhere to.
January 15, 2024: 4th Quarter 2023 estimated tax payment due.
Early 2024: 2023 Tax season begins.
January 31, 2024: Employers send W-2 forms to employees.
January 31, 2024: Send certain 1099 forms.
March 15, 2024: Taxes are due for some business types (partnerships, multi-member LLCs, and S-Corporations).
April 15, 2024: Taxes for C-Corporations are due.
September 16, 2024: Deadline for extended partnership and S-corporation returns.
October 15, 2024: Deadline for extended C-corporation returns.
As the 2024 tax season begins, it's essential to stay organized and informed about the relevant deadlines. At Perfect Balance Bookkeeping & Tax Services, we help you navigate the tax landscape and ensure a smooth filing process. Contact us today to learn more about how we can support your tax needs!