by Irs Tax Return Calendar 2024
As the year 2023 comes to an end, it’s time to start thinking about the upcoming tax season. The IRS tax return calendar for 2024 is already out, and it’s important for taxpayers to stay up-to-date with the deadlines and events for the year. In this article, we’ll take a closer look at the calendar and provide some tips, news, reviews, and tutorials to help you navigate the tax season smoothly.
Overview of the Irs Tax Return Calendar 2024
The IRS tax return calendar for 2024 starts on January 1st, with the beginning of the tax year. The first deadline for taxpayers is January 15th, which is the due date for the fourth and final estimated tax payment for the previous year. The next important date is April 15th, which is the deadline for filing individual tax returns or requesting an extension. The due date for corporate tax returns is March 15th, and partnerships and S corporations have until September 15th to file their returns. The tax season ends on December 31st, which marks the end of the tax year.
List of Events and Festivals in Irs Tax Return Calendar 2024
The IRS tax return calendar for 2024 includes several events and festivals that taxpayers should be aware of. Here’s a list of some of the most important dates:
- January 1st – Beginning of the tax year
- January 15th – Fourth and final estimated tax payment due
- April 15th – Individual tax returns due or extension request
- May 31st – Deadline for filing FBAR (Foreign Bank Account Report)
- June 15th – Second estimated tax payment due for the current year
- September 15th – Extended deadline for partnerships and S corporations
- October 15th – Extended deadline for individual tax returns
- December 31st – End of the tax year
Events and Festivals Celebration for Irs Tax Return Calendar 2024
While the IRS tax return calendar may not seem like a cause for celebration, there are a few events and festivals that taxpayers can look forward to. Here are some of the most notable:
- Tax Day – April 15th is known as “Tax Day” in the United States, and many businesses offer promotions and discounts to celebrate the end of the tax season.
- Cinco de Mayo – May 5th is a popular Mexican holiday that is celebrated in the United States with parades, festivals, and parties.
- July 4th – Independence Day is a federal holiday that commemorates the adoption of the Declaration of Independence on July 4th, 1776. Many Americans celebrate with fireworks, parades, and barbecues.
- Labor Day – The first Monday in September is a federal holiday that honors the contributions of American workers. Many people celebrate with picnics, barbecues, and other outdoor activities.
Question and Answer Section
Q: When is the deadline for filing individual tax returns?
A: The deadline for filing individual tax returns is April 15th, unless you request an extension. If you need more time to file your return, you can submit Form 4868 to request an automatic extension until October 15th.
Q: When is the deadline for corporate tax returns?
A: The deadline for corporate tax returns is March 15th, although some corporations may be eligible for an extension until September 15th. It’s important to check with your tax professional to determine the deadline for your specific situation.
Q: What is an estimated tax payment?
A: An estimated tax payment is a payment made to the IRS on a quarterly basis to cover taxes that are not withheld from income, such as self-employment income or investment income. The deadlines for estimated tax payments are April 15th, June 15th, September 15th, and January 15th of the following year.
FAQs
Q: Can I file my tax return after the deadline?
A: Yes, you can file your tax return after the deadline, but you may be subject to penalties and interest on any unpaid taxes.
Q: What happens if I don’t file my tax return?
A: If you don’t file your tax return, you may be subject to penalties and interest on any unpaid taxes. In addition, the IRS may file a substitute return on your behalf, which may not take into account all of your deductions and credits.
Q: What should I do if I can’t pay my taxes?
A: If you can’t pay your taxes in full by the deadline, you should still file your tax return and pay as much as you can to avoid penalties and interest. You may also be able to set up a payment plan with the IRS to pay your taxes over time.
In conclusion, the IRS tax return calendar for 2024 is an important tool for taxpayers to stay organized and avoid penalties and interest. By staying up-to-date with the deadlines and events, taxpayers can navigate the tax season smoothly and even celebrate some of the holidays and festivals along the way.