The Essential Tax Season 2024 Calendar with Key Tax Deadline Dates

As we usher in the new year, it’s crucial for every American to prepare for the upcoming tax season. 

Understanding the important dates throughout the tax year is vital to fulfilling your responsibilities as a taxpayer and avoiding any potential troubles. 

Your Comprehensive Guide to Key Dates for a Seamless 2024 Tax Season

In this article, we will guide you through the essential dates to mark on your calendar for the 2024 tax season, ensuring a smooth and well-prepared tax-filing process.

January Kickoff:

• The 2024 tax season officially commences in January. This is the ideal time to start checking your mailbox regularly for crucial paperwork you’ll need for filing your taxes. 
• Consider beginning to set aside funds for a potential tax bill and explore the option of paying estimated taxes early to proactively tackle the upcoming tax season.

Deadline for 2023 Tax Return:

• The most critical date to remember is the deadline for filing your 2023 tax return with the Internal Revenue Service (IRS). Circle Monday, April 15, 2024, on your calendar, as this is the last day to submit your tax return. 
• Additionally, if you need more time, this date is also the deadline for filing a tax extension with the IRS. It’s important to note that obtaining an extension doesn’t extend the payment deadline; any outstanding taxes are still due by April 15, and you have until October to complete the necessary paperwork.

Estimated Tax Payments:

• Stay on top of your estimated tax payments for 2023. The final estimated tax payment for the previous year is due on January 16, 2024. This payment is crucial to avoid any penalties or interest charges. Looking ahead, mark June 17, 2024, for the second estimated tax payment and September 16 for the third estimated tax payment for the 2024 tax year.

Tax Deadline Activities

After the tax deadline, the extended deadline for filing the 2023 tax return is October 15, 2024. Make sure to complete any pending paperwork by this date to fulfill your tax obligations. 

Finally, mark January 15, 2025, for the fourth estimated tax payment for the 2024 tax year.

Being well-prepared and aware of the key dates during the 2024 tax season is essential for a hassle-free and compliant tax-filing process. Take note of these crucial dates, stay organized, and consider seeking professional advice if needed to ensure a smooth financial transition into the new tax year.