Tax Calendar 2024-Important Due Dates By IRS

In the complex world of taxation, keeping track of due dates (Tax Calendar 2024) and compliance requirements is crucial. A tax calendar serves as an indispensable tool, providing a systematic breakdown of the 12-month year into quarters. It outlines specific deadlines for actions such as filing tax forms, making tax payments, and fulfilling other obligations mandated by federal tax law.

Contents of this Post

This publication serves as a comprehensive guide, encompassing the following key components:

1. How to Use the Tax Calendar 2024:
   • Guidance on effectively utilizing the tax calendars is provided, ensuring users can navigate and interpret the information seamlessly.
2. Three Tax Calendars:The publication includes three distinct tax calendars:
   • General Tax Calendar 2024:
     • Encompasses essential due dates for businesses and individuals.
   • Employer’s Tax Calendar 2024:
     • Tailored for employers, highlighting specific dates relevant to payroll taxes.
   • Excise Tax Calendar 2024:
     • Catering to individuals and businesses responsible for paying excise taxes.
3. Mode of Payment: we will explore the different payment options provided by the IRS, ensuring that individuals and businesses alike can seamlessly remit their dues.
4. Legal Holidays: Here we provide a List of Legal Holidays. Statewide legal holidays impact federal tax deadlines only if the IRS office where you’re required to file is located in that state

Who Should Use These Tax Calendar 2024 ?

Primarily designed for employers, this publication extends its relevance to all businesses and individuals through the General Tax Calendar. Individuals and businesses involved in excise tax payments will find the Excise Tax Calendar particularly pertinent.

Choosing the Right Calendar(s)

Determining the suitable calendar(s) involves the following steps:

1. Review the General Tax Calendar 2024:
   • Identify dates pertinent to your situation.
2. Employer’s Tax Calendar 2024 :
   • For employers, utilize the Employer’s Tax Calendar 2024.
3. Excise Tax Calendar 2024:
   • If involved in excise taxes, the Excise Tax Calendar 2024 is essential.

Depending on the specific scenario, users may find it necessary to consult more than one calendar.

Exclusions from the Calendars

While comprehensive, it’s essential to note that the tax calendars do not cover:

• Employment or excise tax deposit rules (Pub. 15, Pub. 510, and Instructions for Form 720 contain these rules).
• Filing forms and other requirements for estate taxes, gift taxes, trusts, exempt organizations, specific types of corporations, foreign partnerships, or nonresident aliens.

By understanding and leveraging the information provided in this publication, taxpayers can navigate the intricate landscape of tax compliance with greater ease and confidence.

General Tax Calendar 2024:

Understanding and adhering to tax deadlines is crucial for taxpayers to avoid penalties and ensure compliance with tax regulations. The General Tax Calendar 2024 provides key due dates for various tax-related activities, primarily focusing on the first quarter. It is important to note that fiscal-year taxpayers need to make adjustments according to their fiscal year.

First Quarter Tax Calendar 2024 :

January 10: Employees who work for tips

• If you received $20 or more in tips during December, report them to your employer using Form 4070.

January 16: Individuals and Farmers/Fishermen

• Individuals should make a payment of estimated tax for 2023 if they didn’t pay income tax through withholding. Use Form 1040-ES.
• Farmers and fishermen should pay their estimated tax for 2023 using Form 1040-ES. If not paid by January 16, file the 2023 return and pay all tax due by March 1, 2024, to avoid estimated tax penalties.

January 31: Individuals with Estimated Tax Payments and All Businesses

• Individuals who missed the last installment of estimated tax by January 16 may file their income tax return (Form 1040 or Form 1040-SR) by January 31 to avoid penalties.
• All businesses should provide annual information statements to recipients of certain payments made during 2023, using the appropriate version of Form 1099 or other information return.

February 12: Employees who work for tips

• If you received $20 or more in tips during January, report them to your employer using Form 4070.

February 15: Individuals and All Businesses

• Individuals who claimed exemption from income tax withholding on the Form W-4 must file a new Form W-4 by this date to continue the exemption.
• All businesses must give annual information statements to recipients of certain payments made during 2023.

February 28: All Businesses

• File information returns (e.g., certain Forms 1099) for payments made during 2023.

March 1: Farmers and Fishermen

• File your 2023 income tax return (Form 1040 or Form 1040-SR) and pay all tax due if estimated tax was paid by January 16, 2024.

March 11: Employees who work for tips

• If you received $20 or more in tips during February, report them to your employer using Form 4070.

March 15: Partnerships and S Corporations

• Partnerships should file a 2023 calendar year return (Form 1065) and provide each partner with a copy of their Schedule K-1.
• S Corporations should file a 2023 calendar year income tax return (Form 1120-S) and provide each shareholder with a copy of their Schedule K-1.

table summarizing the important due dates from the General Tax Calendar 2024 for the first quarter of 2024:

This table provides a concise overview of the key due dates and activities for the first quarter of 2024. Taxpayers should refer to the complete General Tax Calendar for comprehensive information and additional details.

These due dates provide a snapshot of key deadlines in the first quarter of 2024. Taxpayers are advised to consult the full tax calendar 2024 for comprehensive information and make timely preparations to meet their obligations.

Second Quarter Tax Calendar 2024 – Key Due Dates:

The second quarter of the calendar year, spanning April, May, and June, brings forth critical tax deadlines. Adhering to these dates is vital to ensure compliance and avoid penalties. The following is a detailed breakdown of significant due dates in the second quarter, with additional information provided where applicable.

April 1: Electronic Filing of Certain Forms

• Electronically file Forms 1097, 1098, 1099, 3921, 3922, and W-2G with the IRS. This applies only to electronic filers.
• The due date for giving these forms to recipients generally remains January 31.

April 10: Tips Reporting for Employees

• If you received $20 or more in tips during March, report them to your employer using Form 4070.

April 15: Various Filings for Individuals, Household Employers, and Corporations

• Individuals must file a 2023 Form 1040 or Form 1040-SR and pay any tax due. If an extension is needed, file Form 4868.
• Household employers with cash wages of $2,600 or more in 2023 must file Schedule H (Form 1040) and report household employment taxes.
• Corporations must file a 2023 calendar year income tax return (Form 1120) and pay any tax due. Deposit the first installment of estimated income tax for 2024.

May 10: Tips Reporting for Employees

• Report tips of $20 or more in April to your employer using Form 4070.

June 10: Tips Reporting for Employees

• Report tips of $20 or more in May to your employer using Form 4070.

June 17: Filing for Individuals Living Abroad, Estimated Tax Payment for Individuals and Corporations

• U.S. citizens or residents living and working outside the United States and Puerto Rico must file Form 1040 or Form 1040-SR and pay any tax, interest, and penalties due.
• Individuals can make a payment of their 2024 estimated tax using Form 1040-ES. This marks the second installment date for estimated tax in 2024.
• Corporations must deposit the second installment of estimated income tax for 2024.

This comprehensive breakdown provides individuals, household employers, and corporations with a roadmap of key tax deadlines in the second quarter of 2024. Timely adherence to these dates is essential for a smooth and penalty-free tax season.

Summary Table for Second Quarter Tax Calendar 2024

Third Quarter Tax Calendar 2024 – Key Due Dates:

As the third quarter of the calendar year unfolds, taxpayers must be vigilant of important tax deadlines spanning July, August, and September. This detailed breakdown outlines the crucial dates and activities during this period, providing individuals and businesses with a roadmap for compliance.

July 10: Tips Reporting for Employees

• Employees who received $20 or more in tips during June must report them to their employer using Form 4070.

August 12: Tips Reporting for Employees

• Employees who received $20 or more in tips during July must report them to their employer using Form 4070.

September 10: Tips Reporting for Employees

• Employees who received $20 or more in tips during August must report them to their employer using Form 4070.

September 16: Filing and Payments for Individuals, Partnerships, S Corporations, and Corporations

• Individuals must make a payment of their 2024 estimated tax if not paying income tax through withholding, using Form 1040-ES. This marks the third installment date for estimated tax in 2024.
• Partnerships must file a 2023 calendar year return (Form 1065) if an automatic 6-month extension was timely requested. Provide each partner with a copy of their final or amended Schedule K-1 (Form 1065) and, if applicable, Schedule K-3 (Form 1065).
• S Corporations must file a 2023 calendar year income tax return (Form 1120-S) if an automatic 6-month extension was timely requested. Provide each shareholder with a copy of their final or amended Schedule K-1 (Form 1120-S) and, if applicable, Schedule K-3 (Form 1120-S).
• Corporations must deposit the third installment of estimated income tax for 2024.

This comprehensive schedule helps individuals and businesses stay on top of their tax responsibilities during the third quarter of 2024. The timely completion of these tasks is crucial to avoiding penalties and ensuring a smooth tax season.

Summary Table for Third Quarter Tax Calendar 2024:

Fourth Quarter Tax Calendar 2024 – Key Due Dates:

As the calendar year approaches its end, the fourth quarter, comprising October, November, and December, brings forth critical tax deadlines. This detailed breakdown provides individuals and corporations with a comprehensive overview of key dates and activities during this period.

October 10: Tips Reporting for Employees

• Employees who received $20 or more in tips during September must report them to their employer using Form 4070.

October 15: Filing for Individuals and Corporations

• Individuals with an automatic 6-month extension to file their 2023 income tax return must file Form 1040 or Form 1040-SR and pay any tax, interest, and penalties due.
• Corporations must file a 2023 calendar year income tax return (Form 1120) and pay any tax, interest, and penalties due if an automatic 6-month extension was timely requested.

November 12: Tips Reporting for Employees

• Employees who received $20 or more in tips during October must report them to their employer using Form 4070.

December 10: Tips Reporting for Employees

• Employees who received $20 or more in tips during November must report them to their employer using Form 4070.

December 16: Corporate Estimated Tax Payment

• Corporations must deposit the fourth installment of estimated income tax for 2024.

Fiscal-Year Taxpayers:

• If you use a fiscal year instead of the calendar year, adjustments to the due dates may be necessary. Specific dates may differ based on the start of the fiscal year.

This comprehensive breakdown and schedule assist individuals and corporations in navigating the critical tax deadlines in the fourth quarter of 2024, ensuring compliance and avoiding potential penalties.

Summary Table for Fourth Quarter Tax Calendar 2024:

Tax Calendar 2024 Deadlines for Different Entities

In the realm of U.S. federal taxes, it’s crucial to be aware of specific deadlines and legal holidays that might impact the timing of tax-related activities. The general rule is that if a due date falls on a Saturday, Sunday, or legal holiday, the act is considered timely if performed the next non-holiday business day.

Individuals

For individual taxpayers filing under Form 1040 or Form 1040-SR, the due date is the 15th day of the 4th month after the end of the tax year. To request an extension, taxpayers can use Form 4868. Estimated tax payments (Form 1040-ES) are due on the 15th day of the 4th, 6th, and 9th months of the tax year and on the 15th day of the 1st month after the tax year ends.

Partnerships

Partnerships are required to file Form 1065 by the 15th day of the 3rd month after the end of their tax year. Partners should receive a copy of their Schedule K-1 (Form 1065) or substitute Schedule K-1, and if applicable, Schedule K-3 (Form 1065) or substitute Schedule K-3 by the same deadline. Form 7004 is available for partnerships seeking an automatic 6-month extension.

Corporations and S Corporations

For regular corporations filing Form 1120 (or using Form 7004), the due date is the 15th day of the 4th month after the end of the tax year. Corporations with a fiscal tax year ending in June must file by the 15th day of the 3rd month after the tax year end. Corporations using Form 7004 can request an automatic 6-month extension. However, those with a fiscal tax year ending in June or a short tax year treated as ending in June will request an automatic 7-month extension.

S Corporations filing Form 1120-S (or using Form 7004) have a due date on the 15th day of the 3rd month after the end of the tax year. Shareholders should receive their Schedule K-1 (Form 1120-S) or substitute Schedule K-1, and if applicable, Schedule K-3 (Form 1120-S) or substitute Schedule K-3 by the same deadline. Similar to partnerships, Form 7004 can provide an automatic 6-month extension.

Estimated tax payments for corporations are due on the 15th day of the 4th, 6th, 9th, and 12th months of the tax year.

Form 2553

To choose S Corporation treatment, Form 2553 is due no later than 2 months and 15 days after the beginning of the tax year the election is to take effect or at any time during the preceding tax year.

Tax Calendar 2024 Deadlines for Different Entities

Understanding these deadlines is crucial for individuals, partnerships, and corporations to ensure timely and accurate tax filings. Extensions are available, but compliance with the due dates is recommended to avoid penalties.

Employer’s Tax Calendar 2024: Key Due Dates for Federal Taxes

The Employer’s Tax Calendar 2024 is a vital tool for employers, outlining crucial due dates related to various federal taxes. Primarily, it covers income tax withheld from employees’ wages, social security and Medicare taxes (FICA taxes) withheld from wages, and the corresponding employer contributions. Additionally, it encompasses the federal unemployment (FUTA) tax that employers must pay. Understanding and adhering to these dates are crucial for maintaining compliance with the Internal Revenue Service (IRS).

Key Federal Taxes Covered:

1. Income Tax Withholding:
   • Reported on Form 941, Employer’s QUARTERLY Federal Tax Return.
   • Due the last day of the first calendar month after each calendar quarter ends.
   • Includes social security, Medicare taxes, and withheld income taxes on wages for non-farm workers or household employees.
2. Federal Unemployment (FUTA) Tax:
   • Reported on Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return.
   • Due the last day of the first calendar month after the calendar year ends.
   • Covers FUTA tax on wages paid.
3. Agricultural Employees Tax:
   • Reported on Form 943, Employer’s Annual Federal Tax Return for Agricultural Employees.
   • Due the last day of the first calendar month after the calendar year ends.
   • Includes social security, Medicare taxes, and withheld income taxes on wages for farm workers.
4. Annual Federal Tax Return (for Small Employers):
   • Reported on Form 944, Employer’s ANNUAL Federal Tax Return.
   • Due the last day of the first calendar month after the calendar year ends.
   • Small employers use this instead of Form 941 for reporting social security, Medicare taxes, and withheld income tax.
5. Annual Return of Withheld Federal Income Tax:
   • Reported on Form 945, Annual Return of Withheld Federal Income Tax.
   • Due the last day of the first calendar month after the calendar year ends.
   • Used to report income tax withheld on all nonpayroll items.

Fiscal-Year Taxpayers:

The due dates in this calendar apply to both fiscal year and calendar year taxpayers, except for certain employee benefit plan forms (Forms 5500 and 5500-EZ) due by the last day of the seventh month after the plan year ends.

Extended Due Dates:

If the required tax is fully deposited by the due date, employers may file the corresponding return by the 10th day of the second month following the end of the return period. However, employers subject to the semiweekly deposit rule should refer to Table 2 for deposit due dates. In case of accumulating $100,000 or more of taxes on any day during a deposit period, immediate deposit is required by the next business day.

This comprehensive calendar, when used in conjunction with Pub. 15, provides essential guidance for employers to fulfill their tax obligations promptly and accurately. For additional information on filing specific forms, employers can visit IRS.gov/Form5500.

First Quarter Tax Calendar 2024 Obligations for Employers

The first quarter of a calendar year spans January, February, and March. During this period, employers have several tax-related responsibilities and deadlines. Below is a detailed breakdown of key dates and actions employers need to consider, followed by a table summarizing the information.

January

January 16

• Social Security, Medicare, and Withheld Income Tax: If the monthly deposit rule applies, deposit taxes for payments made in December 2023.
• Nonpayroll Withholding: Deposit taxes for nonpayroll payments made in December 2023.

January 31

• All Employers:
  • Provide employees with copies of Form W-2 for 2023.
  • File Form W-3, Transmittal of Wage and Tax Statements, along with Copy A of all Forms W-2 issued.
  • File Form 1099-NEC for nonemployee compensation paid in 2023.
  • Provide winners with copies of Form W-2G if applicable.
• Nonpayroll Taxes:
  • File Form 945 to report income tax withheld on all nonpayroll items for 2023.
• Social Security, Medicare, and Withheld Income Tax:
  • File Form 941 for the fourth quarter of 2023.
• Certain Small Employers:
  • File Form 944 to report social security, Medicare taxes, and withheld income tax for 2023.
• Farm Employers:
  • File Form 943 to report social security, Medicare taxes, and withheld income tax for 2023.
• Federal Unemployment (FUTA) Tax:
  • File Form 940 for 2023.

February 12

• Nonpayroll Taxes:
  • File Form 945 to report income tax withheld on all nonpayroll items if taxes were timely deposited.

February 15

• Social Security, Medicare, and Withheld Income Tax: If the monthly deposit rule applies, deposit taxes for payments made in January.
• Nonpayroll Withholding: Deposit taxes for nonpayroll payments made in January.

February 16

• All Employers:
  • Begin withholding income tax from employees who claimed exemption in 2023 but didn’t provide a new Form W-4 for 2024.

February 28

• Payers of Gambling Winnings:
  • File Form 1096 along with Copy A of all Forms W-2G issued for 2023.
• Health Coverage Reporting to IRS:
  • File paper Forms 1094-C and 1095-C if an Applicable Large Employer.
  • File paper Forms 1094-B and 1095-B for other providers of minimum essential coverage.

February 29

• Large Food and Beverage Establishment Employers:
  • File Form 8027, Employer’s Annual Information Return of Tip Income and Allocated Tips.

March 1

• Health Coverage Reporting to Employees:
  • Provide Form 1095-C to full-time employees if an Applicable Large Employer.
  • Provide Form 1095-B to responsible individuals for other providers of minimum essential coverage.

March 15

• Social Security, Medicare, and Withheld Income Tax: If the monthly deposit rule applies, deposit taxes for payments made in February.
• Nonpayroll Withholding: Deposit taxes for nonpayroll payments made in February.

First Quarter Tax Calendar 2024 Obligations for Employers

This comprehensive schedule helps employers stay compliant with their tax obligations during the first quarter of the calendar year.

Second Quarter Tax Calendar 2024 Obligations for Employers

The second quarter of a calendar year encompasses the months of April, May, and June. Employers have various tax-related responsibilities during this period. The following provides a detailed overview of key dates and actions employers need to take, followed by a table summarizing the information.

April

April 1

• Electronic Filing of Forms W-2G: File electronic copies of all Forms W-2G issued for 2023. The due date for giving recipients these forms remains January 31.
• Electronic Filing of Forms 8027: File electronic Forms 8027 for 2023. This applies only if filing electronically.
• Electronic Filing of Forms 1094-C and 1095-C, and Forms 1094-B and 1095-B: Applicable Large Employers file electronic Forms 1094-C and 1095-C with the IRS. Other providers of minimum essential coverage file electronic Forms 1094-B and 1095-B with the IRS.

April 15

• Social Security, Medicare, and Withheld Income Tax: Deposit taxes for payments made in March if the monthly deposit rule applies.
• Nonpayroll Withholding: Deposit taxes for nonpayroll payments made in March.
• Household Employers: File Schedule H (Form 1040) if cash wages paid to a household employee were $2,600 or more in 2023. Report any federal unemployment (FUTA) tax on Schedule H (Form 1040) if total cash wages were $1,000 or more in any quarter of 2022 or 2023. Report income tax withheld for household employees.

April 30

• Social Security, Medicare, and Withheld Income Tax: File Form 941 for the first quarter of 2024. Deposit or pay any undeposited tax under the accuracy of deposits rule. If the tax liability is less than $2,500, pay it in full with a timely filed return. If the tax for the quarter was deposited timely, properly, and in full, the return is due by May 10.
• FUTA Tax: Deposit FUTA tax owed through March if it exceeds $500.

May 10

• Social Security, Medicare, and Withheld Income Tax: File Form 941 for the first quarter of 2024. This due date applies only if the tax for the quarter was deposited timely, properly, and in full.

May 15

• Social Security, Medicare, and Withheld Income Tax: Deposit taxes for payments made in April if the monthly deposit rule applies.
• Nonpayroll Withholding: Deposit taxes for nonpayroll payments made in April.

June 17

• Social Security, Medicare, and Withheld Income Tax: Deposit taxes for payments made in May if the monthly deposit rule applies.
• Nonpayroll Withholding: Deposit taxes for nonpayroll payments made in May.

Second Quarter Tax Calendar 2024 Obligations for Employers

This comprehensive schedule assists employers in fulfilling their tax obligations during the second quarter of the calendar year.

Third Quarter Tax Calendar 2024 Obligations for Employers

The third quarter of a calendar year spans July, August, and September. Employers have several tax responsibilities during this period. The following provides a detailed overview of key dates and actions employers need to take, followed by a table summarizing the information.

July

July 15

• Social Security, Medicare, and Withheld Income Tax: Deposit taxes for payments made in June if the monthly deposit rule applies.
• Nonpayroll Withholding: Deposit taxes for nonpayroll payments made in June.

July 31

• Social Security, Medicare, and Withheld Income Tax: File Form 941 for the second quarter of 2024. Deposit or pay any undeposited tax under the accuracy of deposits rule. If the tax liability is less than $2,500, pay it in full with a timely filed return. If the tax for the quarter was deposited timely, properly, and in full, the return is due by August 12.
• Certain Small Employers: Deposit any undeposited tax if the tax liability is $2,500 or more for 2024 but less than $2,500 for the second quarter.
• FUTA Tax: Deposit the tax owed through June if it exceeds $500.
• Employee Benefit Plan: File Form 5500 or 5500-EZ for the 2023 calendar year. If using a fiscal year as the plan year, file by the last day of the seventh month after the plan year ends.

August

August 12

• Social Security, Medicare, and Withheld Income Tax: File Form 941 for the second quarter of 2024. This due date applies only if the tax for the quarter was deposited timely, properly, and in full.

August 15

• Social Security, Medicare, and Withheld Income Tax: Deposit taxes for payments made in July if the monthly deposit rule applies.
• Nonpayroll Withholding: Deposit taxes for nonpayroll payments made in July.

September

September 16

• Social Security, Medicare, and Withheld Income Tax: Deposit taxes for payments made in August if the monthly deposit rule applies.
• Nonpayroll Withholding: Deposit taxes for nonpayroll payments made in August.

Third Quarter Tax Calendar 2024 Obligations for Employers

This comprehensive schedule assists employers in fulfilling their tax obligations during the third quarter of the calendar year.

Fourth Quarter Tax Calendar 2024 Obligations for Employers

The fourth quarter of a calendar year encompasses October, November, and December. Employers have specific tax obligations during this period, and the following provides a detailed overview of key dates and actions. A table summarizing the information is included at the end.

October

October 15

• Social Security, Medicare, and Withheld Income Tax: Deposit taxes for payments made in September if the monthly deposit rule applies.
• Nonpayroll Withholding: Deposit taxes for nonpayroll payments made in September.

October 31

• Social Security, Medicare, and Withheld Income Tax: File Form 941 for the third quarter of 2024. Deposit or pay any undeposited tax under the accuracy of deposits rule. If the tax liability is less than $2,500, pay it in full with a timely filed return. If the tax for the quarter was deposited timely, properly, and in full, the return is due by November 12.
• Certain Small Employers: Deposit any undeposited tax if the tax liability is $2,500 or more for 2024 but less than $2,500 for the third quarter.
• FUTA Tax: Deposit the tax owed through September if more than $500.

November

During November

• Income Tax Withholding: Encourage employees to fill out a new Form W-4 or Form W-4(SP) for 2025 if they experienced any personal or financial changes. Examples include changes in filing status, number of jobs worked, and other income, deductions, or credits. The 2025 revision of Form W-4 will be available at IRS.gov/FormW4 by mid-December. Encourage employees to use the IRS Tax Withholding Estimator at IRS.gov/W4App.

November 12

• Social Security, Medicare, and Withheld Income Tax: File Form 941 for the third quarter of 2024. This due date applies only if the tax for the quarter was deposited timely, properly, and in full.

November 15

• Social Security, Medicare, and Withheld Income Tax: Deposit taxes for payments made in October if the monthly deposit rule applies.
• Nonpayroll Withholding: Deposit taxes for nonpayroll payments made in October.

December

December 16

• Social Security, Medicare, and Withheld Income Tax: Deposit taxes for payments made in November if the monthly deposit rule applies.
• Nonpayroll Withholding: Deposit taxes for nonpayroll payments made in November.

Fourth Quarter Tax Calendar 2024 Obligations for Employers

This comprehensive schedule assists employers in fulfilling their tax obligations during the fourth quarter of the calendar year.

Excise Tax Calendar 2024

Excise Tax Calendar 2024 for the First Quarter

The Excise Tax Calendar 2024 provides due dates for filing returns and making deposits of excise taxes. Employers should use this calendar in conjunction with Pub. 510 and refer to the instructions for Forms 11-C, 720, 730, and 2290 for additional information.

Excise Tax Forms:

1. Form 11-C, Occupational Tax and Registration Return for Wagering: File by July 1 annually if involved in wagering activities.
2. Form 720, Quarterly Federal Excise Tax Return: File by the last day of the month following the calendar quarter.
3. Form 730, Monthly Tax Return for Wagers: File by the last day of the following month for excise tax on accepted wagers.
4. Form 2290, Heavy Highway Vehicle Use Tax Return: File by the last day of the month following the vehicle’s first taxable use.

Adjustments:

• Dates apply for both fiscal and calendar years.
• Due dates on Saturdays, Sundays, or legal holidays are generally moved to the next business day. Exceptions apply for deposit due dates.

First Quarter Overview

January 2

• Wagering Tax: File Form 730 and pay tax on wagers accepted during November 2023.
• Heavy Highway Vehicle Use Tax: File Form 2290 and pay tax for vehicles first used in November 2023.

January 10

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold in the first 15 days of December 2023.

January 12

• Regular Method Taxes: Deposit tax for the last 16 days of December 2023.

January 25

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold in the last 16 days of December 2023.

January 29

• Regular Method Taxes: Deposit tax for the first 15 days of January.

January 31

• Form 720 Taxes: File Form 720 for the fourth quarter of 2023.
• Wagering Tax: File Form 730 and pay tax on wagers accepted during December 2023.
• Heavy Highway Vehicle Use Tax: File Form 2290 and pay tax for vehicles first used in December 2023.

February 12

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold in the first 15 days of January.

February 14

• Regular Method Taxes: Deposit tax for the last 16 days of January.

February 27

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold in the last 16 days of January.

February 29

• Wagering Tax: File Form 730 and pay tax on wagers accepted during January.
• Heavy Highway Vehicle Use Tax: File Form 2290 and pay tax for vehicles first used in January.
• Regular Method Taxes: Deposit tax for the first 15 days of February.

March 12

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold in the first 15 days of February.

March 14

• Regular Method Taxes: Deposit tax for the last 14 days of February.

March 27

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold in the last 14 days of February.

March 29

• Regular Method Taxes: Deposit tax for the first 15 days of March.

Excise Tax Calendar 2024 for the First Quarter

This detailed schedule assists in fulfilling excise tax obligations during the first quarter of the calendar year.

Second Quarter Excise Tax Calendar 2024

The second quarter, encompassing April, May, and June, imposes various excise tax obligations on businesses. This calendar outlines key dates for filing returns and making deposits related to wagering tax, heavy highway vehicle use tax, communications and air transportation taxes, and regular method taxes.

April 1

• Wagering Tax: File Form 730 and pay tax on wagers accepted during February.
• Heavy Highway Vehicle Use Tax: File Form 2290 and pay tax for vehicles first used in February.

April 10

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold during the first 15 days of March.

April 12

• Regular Method Taxes: Deposit tax for the last 16 days of March.

April 25

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold during the last 16 days of March.

April 29

• Regular Method Taxes: Deposit tax for the first 15 days of April.

April 30

• Form 720 Taxes: File Form 720 for the first quarter of 2024.
• Wagering Tax: File Form 730 and pay tax on wagers accepted during March.
• Heavy Highway Vehicle Use Tax: File Form 2290 and pay tax for vehicles first used in March.

May 10

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold during the first 15 days of April.

May 14

• Regular Method Taxes: Deposit tax for the last 15 days of April.

May 28

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold during the last 15 days of April.

May 29

• Regular Method Taxes: Deposit tax for the first 15 days of May.

May 31

• Wagering Tax: File Form 730 and pay tax on wagers accepted during April.
• Heavy Highway Vehicle Use Tax: File Form 2290 and pay tax for vehicles first used in April.

June 12

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold during the first 15 days of May.

June 14

• Regular Method Taxes: Deposit tax for the last 16 days of May.

June 26

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold during the last 16 days of May.

June 28

• Regular Method Taxes: Deposit tax for the first 15 days of June.

Second Quarter Excise Tax Calendar 2024

This comprehensive schedule helps businesses fulfill their excise tax obligations during the second quarter of the calendar year.

Third Quarter Excise Tax Calendar 2024

July 1

• Wagering Tax:
  • File Form 730 and pay tax on wagers accepted during May.
• Heavy Highway Vehicle Use Tax:
  • File Form 2290 and pay tax for vehicles first used in May.
• Floor Stocks Tax for Ozone-Depleting Chemicals (IRS No. 20):
  • Deposit tax for January 1, 2024.
• Occupational Excise Taxes:
  • File Form 11-C to register and pay the annual tax if engaged in the business of accepting wagers.

July 10

• Communications and Air Transportation Taxes (Alternative Method):
  • Deposit tax included in amounts billed or tickets sold during the first 15 days of June.

July 12

• Regular Method Taxes:
  • Deposit tax for the last 15 days of June.

July 25

• Communications and Air Transportation Taxes (Alternative Method):
  • Deposit tax included in amounts billed or tickets sold during the last 15 days of June.

July 29

• Regular Method Taxes:
  • Deposit tax for the first 15 days of July.

July 31

• Form 720 Taxes:
  • File Form 720 for the second quarter of 2024.
• Wagering Tax:
  • File Form 730 and pay tax on wagers accepted during June.
• Heavy Highway Vehicle Use Tax:
  • File Form 2290 and pay tax for vehicles first used in June.

August 12

• Communications and Air Transportation Taxes (Alternative Method):
  • Deposit tax included in amounts billed or tickets sold during the first 15 days of July.

August 14

• Regular Method Taxes:
  • Deposit tax for the last 16 days of July.

August 27

• Communications and Air Transportation Taxes (Alternative Method):
  • Deposit tax included in amounts billed or tickets sold during the last 16 days of July.

August 29

• Regular Method Taxes:
  • Deposit tax for the first 15 days of August.

September 3

• Heavy Highway Vehicle Use Tax:
  • File Form 2290 and pay the full year’s tax on all vehicles in use during the month of July.
• Wagering Tax:
  • File Form 730 and pay tax on wagers accepted during July.

September 11

• Communications and Air Transportation Taxes (Alternative Method):
  • Deposit tax included in amounts billed or tickets sold during the first 15 days of August.

September 13

• Regular Method Taxes:
  • Deposit tax for the last 16 days of August.

September 25

• Communications and Air Transportation Taxes (Alternative Method):
  • Deposit tax included in amounts billed or tickets sold during the last 16 days of August.

September 27

• Regular Method Taxes:
  • Deposit tax for the first 15 days of September.

September 30

• Regular Method Taxes (Special September Deposit Rule):
  • Deposit tax for the period beginning September 16 and ending September 26.
• Communications and Air Transportation Taxes (Special September Deposit Rule):
  • Deposit tax included in amounts billed or tickets sold during the period beginning September 1 and ending September 11.
• Wagering Tax:
  • File Form 730 and pay tax on wagers accepted during August.
• Heavy Highway Vehicle Use Tax:
  • File Form 2290 and pay tax for vehicles first used in August.

Third Quarter Excise Tax Calendar 2024

This detailed calendar ensures businesses stay informed and equipped to meet their tax obligations seamlessly throughout the third quarter of the calendar year. Keep this guide handy to navigate through the critical dates and fulfill compliance requirements effectively.

Fourth Quarter Excise Tax Calendar 2024

The fourth quarter, spanning October, November, and December, brings forth a set of obligations for excise tax compliance. This comprehensive calendar outlines crucial dates for filing returns and making deposits related to communications and air transportation taxes, regular method taxes, wagering tax, and heavy highway vehicle use tax.

October 10

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold during the period from September 12 to September 15.

October 11

• Regular Method Taxes (Special September Deposit Rule): Deposit tax for the last 4 days of September.

October 25

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold during the last 15 days of September.

October 29

• Regular Method Taxes: Deposit tax for the first 15 days of October.

October 31

• Form 720 Taxes: File Form 720 for the third quarter of 2024.
• Wagering Tax: File Form 730 and pay tax on wagers accepted during September.
• Heavy Highway Vehicle Use Tax: File Form 2290 and pay tax for vehicles first used in September.

November 13

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold during the first 15 days of October.

November 14

• Regular Method Taxes: Deposit tax for the last 16 days of October.

November 27

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold during the last 16 days of October.

November 29

• Regular Method Taxes: Deposit tax for the first 15 days of November.

December 2

• Wagering Tax: File Form 730 and pay tax on wagers accepted during October.
• Heavy Highway Vehicle Use Tax: File Form 2290 and pay tax for vehicles first used in October.

December 11

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold during the first 15 days of November.

December 13

• Regular Method Taxes: Deposit tax for the last 15 days of November.

December 26

• Communications and Air Transportation Taxes (Alternative Method): Deposit tax for amounts billed or tickets sold during the last 15 days of November.

December 27

• Regular Method Taxes: Deposit tax for the first 15 days of December.

December 31

• Wagering Tax: File Form 730 and pay tax on wagers accepted during November.
• Heavy Highway Vehicle Use Tax: File Form 2290 and pay tax for vehicles first used in November.

Fourth Quarter Excise Tax Calendar 2024

This detailed schedule ensures businesses are well-informed and equipped to fulfill their excise tax obligations throughout the fourth quarter of the calendar year.

Mode of Payment

Fulfilling civic responsibilities includes the crucial aspect of paying taxes, and the Internal Revenue Service (IRS) offers several efficient methods for taxpayers to meet their financial obligations. In this blog post, we will explore the different payment options provided by the IRS, ensuring that individuals and businesses alike can seamlessly remit their dues.

U.S. tax payments must be made in U.S. dollars, with digital assets not being accepted. Here, we’ll dive into the various payment options available:

1. IRS Direct Pay

Pay your individual tax bill or estimated tax payment directly from your checking or savings account at no cost by visiting IRS.gov/Payments.

2. Debit Card, Credit Card, or Digital Wallet

Choose an approved payment processor to pay online or by phone. Visit IRS.gov/Payments for a list of approved processors and detailed guidelines.

3. Electronic Funds Withdrawal

Schedule a payment when filing your federal taxes using tax return preparation software or through a tax professional.

4. Electronic Federal Tax Payment System (EFTPS)

This electronic payment system is ideal for businesses, and enrollment is required. Enroll at EFTPS.gov to make secure payments.

5. Check or Money Order

Mail your payment to the address listed on the notice or instructions. Follow the instructions provided by the IRS and ensure timely delivery.

6. Cash

Pay your taxes with cash at a participating retail store after confirming eligibility and following the provided instructions.

7. Same-Day Wire

Explore the option of making a same-day wire from your financial institution. Contact your financial institution for availability, cost, and time frames.

The IRS emphasizes the security of electronic payments, utilizing the latest encryption technology to ensure the safety of online payments made through IRS2Go or other channels. Electronic payments offer a secure, quick, and efficient alternative to traditional methods.

For those facing challenges in paying their taxes immediately, the IRS provides alternative options:

1. Online Payment Agreement (OPA)

Apply for an online payment agreement to meet your tax obligation in monthly installments by visiting IRS.gov/OPA.

2. Offer in Compromise (OIC) Pre-Qualifier

Check if you can settle your tax debt for less than the full amount you owe using the pre-qualifier tool at IRS.gov/OIC.

Understanding the array of payment options offered by the IRS empowers taxpayers to fulfill their obligations with ease. Whether you prefer the convenience of online payments or the traditional approach of mailing a check, the IRS accommodates various preferences, ensuring a smooth and secure tax payment experience.

U.S. tax payments represent a crucial aspect of fiscal responsibility, and it’s important to be aware of the specific guidelines governing these transactions. One significant requirement to note is that U.S. tax payments must be made exclusively in U.S. dollars. This means that any form of digital assets, such as cryptocurrencies or other virtual currencies, is not accepted as a valid means of settling tax obligations.

Tax Deadlines and Legal Holidays in 2024:

Legal Holidays in 2024:

Statewide Legal Holidays:

Statewide legal holidays impact federal tax deadlines only if the IRS office where you’re required to file is located in that state. For individuals, a statewide legal holiday also affects the due date for filing a return if you’re a resident of that state. However, it’s important to note that statewide legal holidays do not delay the due date for making a federal tax deposit.

Make sure to consider these dates when planning your tax-related activities to ensure compliance with deadlines and regulations.

Navigating Tax Compliance and Penalties:

Ensuring timely compliance with tax obligations is imperative to avoid penalties and interest on overdue taxes. Taking proactive measures before the listed due date is advised to sidestep potential financial consequences. Failure to adhere to tax laws may not only incur civil penalties but also result in criminal penalties for intentional non-payment, filing of false returns, or neglecting required filings.

One crucial aspect to expedite tax processes is the use of designated Private Delivery Services (PDSs) recognized by the IRS. These services can be employed to meet the timely mailing and filing/payment requirements for tax returns. A current list of designated PDSs can be found at IRS.gov/PDS. When utilizing a PDS, it is essential to use the correct IRS mailing address associated with your state, available at IRS.gov/PDSstreetAddresses. It’s important to select the address on the webpage that aligns with the instructions for your specific tax return.

However, caution is advised, as PDSs cannot deliver items to P.O. boxes designated for the IRS. In such cases, the U.S. Postal Service must be used to mail any item to an IRS P.O. box address.

In addition to these logistical considerations, taxpayers are reminded to adhere to all applicable tax laws to maintain compliance and avoid potential penalties and legal repercussions. Regularly checking the IRS website for updates and following prescribed procedures will help ensure a smooth and penalty-free tax filing experience.

Source: Tax Calendar 2024 Issued BY IRS