Tax Preparation Deadlines for Tax Year 2024

We’re breaking down all the important tax preparation deadlines you need to know for the 2024 tax year. Mark your calendars to avoid late penalties and stay on track.

Tax deadlines can be confusing, but you don’t have to face them alone. At Semper Tax Relief, we specialize in helping you & your business navigate IRS tax requirements.

Key IRS Tax Deadlines to Keep in Mind For tax year 2024

  1. January 15, 2025

    • Estimated Tax Payments: Make your final estimated tax payment for the 2024 tax year using Form 1040-ES if you haven’t already paid your income taxes through withholding.

  2. January 31, 2025

    • Forms W-2 and 1099-NEC: Employers must send out W-2 forms to employees and 1099-NEC forms to independent contractors for the 2024 tax year.

  3. March 15, 2025

    • S Corporations and Partnerships: File calendar-year S corporation returns (Form 1120-S) and partnership returns (Form 1065). If you need an extension, file Form 7004 to request an additional 6 months.

  4. April 15, 2025

    • Individual Tax Returns: File your 2024 Form 1040 or 1040-SR and pay any taxes owed. You can request a 6-month extension using Form 4868, but any taxes due must still be paid by this date to avoid penalties.

    • First Quarter Estimated Tax Payments: If you're self-employed or otherwise paying estimated taxes, the first installment for 2025 is due.

  5. June 17, 2025

    • Second Quarter Estimated Tax Payments: The second installment for 2025 is due for those paying estimated taxes.

  6. September 16, 2025

    • Third Quarter Estimated Tax Payments: The third installment for 2025 is due for those paying estimated taxes.

  7. October 15, 2025

    • Extended Individual Tax Returns: If you filed Form 4868 for an extension, this is your last day to file your 2024 tax return.

Additional Tax Filing Deadline Notes

  • Filing electronically: The IRS encourages you to e-file returns for faster processing, refunds & minimize errors. Tax professionals use professional tax softwares to e-file returns.

  • Holiday Adjustments: If a tax deadline falls on a weekend or federal holiday, the due date moves to the next business day. For example, Emancipation Day in Washington, D.C., may impact April deadlines.

What Happens If I Miss a Deadline?

Failing to meet an IRS deadline can have serious consequences, including:

  • Failure-to-File Penalty: Typically 5% of the unpaid taxes for each month your return is late, up to 25% of your unpaid taxes.

  • Failure-to-Pay Penalty: Generally 0.5% of unpaid taxes for each month your taxes remain unpaid, capped at 25%.

  • Civil Penalties: Stiff Civil Penalties on each delinquent 1099NEC, W2 against your business

  • Interest on Unpaid Taxes: In addition to penalties, the IRS charges interest on any taxes not paid by the deadline.

  • Lost Refunds: If you don’t file your return within three years, you may lose your refund altogether.

Missing a deadline can lead to a snowball of tax problems, from mounting penalties to IRS collections. But don’t panic—Semper Tax Relief is here to help.

I May need IRS Tax Debt Resolution Services

If you’ve missed a tax deadline or are dealing with penalties, ignoring the problem can make things worse. Our team specializes in resolving IRS tax issues, including:

One thing you must keep in mind is to not wait until last minute, even if you may owe a new balance on the tax filing. The Tax Debt may be resolved with the IRS, before the IRS takes collection Action.

  • Negotiating penalty abatement

  • Setting up installment agreements

  • Filing years of unfiled tax returns

  • A combination of IRS Tax Debt Resolution. Check out the Top 18 IRS Tax Relief Solutions

We’ll work directly with the IRS on your behalf, so you don’t have to.