The tax filing season begins in January, and taxpayers must be aware of important deadlines throughout the year. Whether filing as an individual or business owner, missing tax deadlines can lead to penalties and interest charges.
Without further ado, let’s explore the key tax return filing and payment deadlines for the 2024 tax year that you don’t want to forget. And how a tax return loan could be considered as an option if needed to pay any taxes owed by the deadlines.
Individual Tax Return Deadlines
April 15th, 2024: For the year, this is the typical date for filing individual federal income tax returns and making any required tax payments. Most taxpayers who file using the standard deduction have until this date.
October 15th, 2024: This is the extended tax filing deadline. Taxpayers who obtain a 6-month extension have until this date to file their 2023 individual federal return. They must still pay any estimated taxes due by April 15th to avoid fines and interest. One option could be applying for a tax return loan to pay estimated taxes on time if needed.
June 15th, 2024: This is the deadline for filing a return and paying taxes on any timely requested filing extension for particular expat and military taxpayers for the 2023 tax year.
Estimated Tax Payment Deadlines
April 15th, 2024: First estimated tax payment due for 2024. Applies to taxpayers paying estimated quarterly taxes.
June 15th, 2024: The second estimated tax payment due for the 2024 tax year.
September 15th, 2024: Third estimated tax payment due for 2024 tax year.
January 15th, 2025: Fourth estimated tax payment due for 2024 tax year. Taxpayers can consider a tax return loan to make estimated payments on time.
Business Tax Return Deadlines
April 15th, 2024: The deadline for partnerships, S corporations, and C corporations to file their 2023 business tax returns and pay any taxes owed.
March 15th, 2024: The deadline for certain trusts to file their 2023 tax returns.
September 15th, 2024: Extended due date for C corporations to file 2023 business returns and pay taxes if they obtained a 6-month extension by filing Form 7004.
October 15th, 2024: Extended due date for partnerships, S corporations, and trusts to file their 2023 business returns if they obtained a 6-month extension by filing Form 8736.
As you can see, multiple tax deadlines throughout the calendar year must be complied with to avoid penalties. Knowing these critical dates is important, especially the April deadline for individual and partnership returns. Taxpayers can consider applying for a tax return loan to ensure estimated payments and any tax liabilities due are paid on time.
Conclusion
Adhering to tax filing and payment deadlines is important for all taxpayers – from individual filers to business entities. The various deadlines mentioned in this article for the 2024 tax year shouldn’t be overlooked. If a tax return loan is required to submit tax payments promptly, taxpayers should apply for one well before the deadline. Completing returns or extensions on time and paying any tax amounts owed by the applicable due dates will ensure compliance and help avoid penalty fees.
