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When are Taxes due in 2024?

It's essential to know when taxes are due in 2024. And, for many people, there are more tax deadlines to worry about than just the due date for your federal income tax return. The IRS can hit you with penalties and interest if you miss a tax deadline. 

  • For example, the standard penalty for failing to file your annual tax return on time is 5% of the tax due for each month (or partial month) your return is late. 
  • If you don’t pay your taxes on time, the monthly penalty is 0.5% of the unpaid amount, up to 25% of what you owe. 
  • You will also owe interest on the unpaid taxes. Penalties apply to missing other tax deadlines, too. 

We understand it can be hard to keep track of every IRS tax deadline. So, to make things easier, here are the most important 2024 federal income tax due dates for individual taxpayers. 

January 2024

  • January 16 – Estimated tax payment for the 4th quarter of 2023
  • January 31 – Deadline to file and pay 2023 taxes in full if you are not making an estimated tax payment in January

February 2024

  • February 15 – File Form W-4 to reclaim exemption from withholding for 2024

April 2024

  • April 1 – First required minimum distribution must be taken by individuals who turned 73 in 2023
  • April 15 – File 2023 tax return and pay due tax
  • April 15 – File form 4868 to request a 6-month income tax return filing extension
  • April 15 – Estimated tax payment for 1st quarter of 2024
  • April 15 – contribute to an IRA, HAS, solo 401(k), or SEP Plan for 2023

June 2024

  • June 17 – Estimated tax payment for 2nd quarter of 2024
  • June 17 – U.S. Taxpayers living and working abroad file 2023 tax return
  • June 17 – Military personnel on duty outside the U.S. file 2023 tax return

September 2024

  • September 16 – Estimated tax payment for 3rd quarter of 2024

October 2024

  • October 15 – File extended 2024 tax return

December 2024

  • December 31 – Contribution to employer-sponsored retirement plan for 2024 (401(k), 403(b), 457 or federal thrift savings plans)
  • December 31 – required minimum distributions by individuals who are 74 or older at the end of 2024

These are the deadlines that are applicable to most taxpayers however, under some circumstances there may be additional dates to mark in your calendar. Be sure to consult with your tax professional throughout the year to ensure you are ahead of your deadlines.

This material is furnished to you as a courtesy and is for informational purposes only. Although this material is derived from information which we believe to be accurate we cannot guarantee its accuracy. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.