Tax Season 2024
- ben25295
- Dec 12, 2023
- 2 min read
Important 2024 Tax Dates
The IRS has outlined the following crucial deadlines for the upcoming tax season:
January 16, 2024: Fourth quarter estimated payments due for tax year 2023.
January 23, 2024: IRS begins accepting tax returns.
January 31, 2024: Employers must mail W-2 forms.
April 15, 2024: Tax Day/federal returns and payments due, final day for 401k contributions, final day to file an extension.
October 15, 2024: Late filing deadline.
State Tax Deadlines
State tax filing and payment due dates vary by state. Consult your state's Department of Revenue for the latest information.
Tax Deadlines for Independent Contractors, Consultants, and the Self-Employed
The last quarterly estimate deadline for Q4 2023 is January 16, 2024. Subsequent quarterly deadlines are as follows:
Q1 2024: April 15, 2024
Q2 2024: June 17, 2024
Q3 2024: September 16, 2024
Q4 2024: January 15, 2025
More 2023 Tax Dates
Small Business Filing Deadlines:
Sole Proprietors: April 15, 2024 (Extension until Oct. 15, 2024)
Partnerships: March 15, 2024 (Extension until Sept. 16, 2024)
Multimember LLCs: March 15, 2024 (Extension until Sept. 16, 2024)
S-Corps: March 15, 2024 (Extension until Sept. 16, 2024)
C-Corps: April 15, 2024 (Extension until Oct. 15, 2024)
Federal Tax Return Extension
File an extension by April 15, 2024, for more time to submit your 2023 tax return. Note: Extension provides time to file, not to pay.
Tax Deadline for Expats
If filing as a U.S. citizen or resident abroad or in the military overseas, an automatic two-month filing extension applies. The deadline to file is June 17, 2024.
IRA Contribution Deadline
Make deductible contributions to your traditional IRA until April 15, 2024. The 2024 limit is $7,000 ($7,500 if 50 or older).
FAQs
Who is the IRS? The federal agency collecting taxes since 1862.
Who Sets Tax Deadlines? The IRS establishes federal tax deadlines.
When Will IRS Announce Deadline? Typically at the beginning of each calendar year.
Consequences of Missing Deadline? Penalties if taxes are owed.
Do I Have to Pay Taxes Immediately? Payment options include immediate payment, a short-term plan, or monthly installments.
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