When Are Individual Income Taxes Due in 2024?

Tax season is upon us once again, and it's crucial to know the deadlines to ensure compliance and avoid penalties. Whether you're a seasoned taxpayer or new to the process, understanding when your taxes are due is essential for proper planning and timely filing. In this post, we'll discuss the deadlines for filing your taxes in 2024, helping you stay on track with your financial obligations.

Individual Income Tax Deadline

For most individuals, the deadline to file federal income tax returns in the United States is April 15, 2024. However, if April 15 falls on a weekend or holiday, the deadline may be extended to the next business day. It's important to note that this deadline applies to both filing your return and paying any taxes owed for the previous year.

Extension Option

If you find yourself unable to meet the April 15 deadline, you have the option to request an extension. The extension allows you to file your tax return later, typically extending the deadline by six months. For 2024, the extended deadline would fall on October 15, 2024. Keep in mind that while an extension grants you more time to file your return, it does not extend the deadline for paying any taxes owed. You are still required to estimate and pay any taxes owed by the original deadline to avoid penalties and interest.

Estimated Tax Payments

For individuals who earn income not subject to withholding, such as self-employment income, interest, dividends, or rental income, estimated tax payments may be required. These payments are typically due quarterly throughout the year. The deadlines for estimated tax payments in 2024 are as follows:

• April 15, 2024
  
• June 17, 2024
  
• September 16, 2024
  
• January 15, 2025 (for the fourth quarter of 2024)
  

Hire Larry Bradford, CPA for Tax Assistance

Tax season can be a challenging time, with ever-changing regulations and looming deadlines. Handling your taxes alone can be overwhelming, leading to potential errors and consequences. That's why enlisting the services of a seasoned professional like Larry Bradford, CPA can make all the difference.
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With extensive knowledge in tax preparation and planning, Larry Bradford offers invaluable assistance in ensuring your tax obligations are met accurately and punctually. Don't let tax season stress you out. Contact Larry today for personalized tax solutions tailored to your individual needs. Call 512-402-0049 or send an email to [email protected] to schedule an appointment.