Upcoming Tax Deadlines: Key Dates Between Now and April 15, 2025

As we move through the 2025 tax season, businesses and individuals must stay on top of critical deadlines to avoid penalties and ensure compliance. Between February 9 and April 15, 2025, several key tax due dates apply to individuals, businesses, and tax-exempt organizations. Here’s a summary of the most important deadlines to keep in mind.

February 15, 2025 – Key Withholding Exemptions Due

• Form W-4 Expiration for Exempt Status: Employees who claimed exemption from federal income tax withholding on their 2024 Form W-4 must file a new Form W-4 for 2025 to maintain their exempt status.

• Form 1099-B, 1099-S, and Certain 1099-MISC Due to Recipients: Brokers and real estate transactions must provide Form 1099-B (for securities sales) and 1099-S (for real estate transactions) to recipients.

  
  

February 28, 2025 – Paper Filing Deadline for Certain 1099s & W-2s

• Businesses filing Form 1099 (for non-employee compensation, interest, dividends, etc.) and Form W-2 (wage statements) on paper must submit them to the IRS and Social Security Administration (SSA).

• Note: If filing electronically, the due date is March 31, 2025.

  
  

March 15, 2025 – Business Tax Returns for Partnerships & S-Corporations

• Form 1065 (Partnerships) and Form 1120-S (S-Corporations): Partnerships and S-Corporations must file their 2024 tax returns or request a six-month extension (Form 7004).

• K-1 Distribution: Partnerships and S-Corps must provide Schedule K-1 forms to partners and shareholders, showing their share of income, deductions, and credits.

  
  

March 31, 2025 – Electronic Filing Deadline for 1099s & W-2s

• Form 1099 and W-2 Electronic Filing Deadline: Employers and businesses filing these forms electronically must submit them to the IRS and SSA by this date.

  
  

April 15, 2025 – The Big Tax Day

• Individual Tax Returns Due: Form 1040 for individuals must be filed, or a six-month extension (Form 4868) must be requested.

• C-Corporation Tax Returns (Form 1120) Due: C-Corps must file their 2024 tax returns or request an extension.

• First Quarter Estimated Tax Payment Due: Self-employed individuals, freelancers, and those with significant non-wage income must pay their Q1 2025 estimated taxes (Form 1040-ES).

• Household Employers' Tax Returns Due: Employers of household workers must file Schedule H if they paid wages exceeding the Social Security and Medicare thresholds.

• IRA & HSA Contribution Deadline: Last chance to contribute to Traditional or Roth IRAs and Health Savings Accounts (HSAs) for the 2024 tax year.

  
  

Key Takeaways

With multiple tax deadlines approaching, now is the time to:✔️ Gather financial documents for tax filing.✔️ Submit business tax returns or extensions before March 15.✔️ File individual tax returns by April 15 or request an extension.✔️ Make IRA and HSA contributions before the deadline.

Staying organized and meeting deadlines will help avoid late penalties and keep your finances in order. If you need assistance with your tax filings, consulting a tax professional can ensure accuracy and compliance.