Tax Filing Deadline: Key Dates and Information for 2024

## Primary Filing Deadlines and Key Dates ### January 2024 - **January 15**: Fourth Quarter Estimated Tax Payment Due for 2023 - **January 29**: IRS begins accepting and processing 2023 tax returns - **January 31**: W-2 and 1099 Forms Due to employees and contractors ### March 2024 * Form 1065 (Partnerships): March 15, 2024 * Form 1120-S (S-Corps): March 15, 2024 ### April 2024 - **April 15**: Individual Tax Returns Due (Form 1040) - **April 15**: C-Corporation Returns (Form 1120) - **April 15**: Q1 2024 Estimated Tax Payment Due ### State-Specific Exceptions * **Massachusetts and Maine**: Due to Patriots' Day, residents have until April 17, 2024 * **Washington, D.C.**: Due to Emancipation Day celebrations, residents have until April 17, 2024 ## Important Changes for 2024 ### Tax Bracket Adjustments | Tax Rate | Income Range | |----------|-------------| | 10% | $0 - $11,600 | | 12% | $11,601 - $47,150 | | 22% | $47,151 - $100,525 | | 24% | $100,526 - $191,950 | | 32% | $191,951 - $243,725 | | 35% | $243,726 - $609,350 | | 37% | $609,351 or more | ### Standard Deduction Increases * Single filers: $14,600 * Married filing jointly: $29,200 * Head of household: $21,900 ## Filing Tips and Resources ### Document Preparation Start gathering your necessary documents early, including: - W-2s and 1099s - Mortgage interest statements - Charitable donation receipts - Investment income statements ### Filing Options 1. **E-filing**: Electronic filing through [IRS Free File](https://www.irs.gov/filing/irs-free-file-do-your-taxes-for-free) (for eligible taxpayers) 2. **Paper filing**: Traditional mail-in method 3. **Tax preparation services**: Professional assistance through services like [TurboTax](https://turbotax.intuit.com/) or [H&R Block](https://www.hrblock.com/) ### Electronic Filing Benefits * Faster processing * Quicker refunds * Immediate confirmation * Reduced error rate * Secure transmission ## Penalties and Consequences > Important: An extension of time to file is NOT an extension of time to pay. Any taxes owed must still be paid by April 15 to avoid penalties and interest. ### Penalty Breakdown * *Failure-to-file penalty*: 5% of unpaid taxes per month * *Failure-to-pay penalty*: 0.5% of unpaid taxes per month * *Interest*: Federal short-term rate plus 3% ## Extension Information If you need additional time, you can file [Form 4868](https://www.irs.gov/forms-pubs/about-form-4868) for an automatic six-month extension, which moves your filing deadline to **October 15, 2024**. --- For the most current information and specific guidance regarding your tax situation, visit the [IRS website](https://www.irs.gov/) or consult with a qualified tax professional.

Tax Filing Deadline: Key Dates and Information for 2024

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