Key Dates

January 1

  • New Year’s Day

January 10

  • Employees who work for tips. If you received $20 or more in tips during December, report them to your employer.

January 15

  • Individuals – make a payment of your estimated tax for 2024 if you didn’t pay your income tax for the year through withholding (or didn’t pay enough tax that way).
  • Social Security, Medicare and withheld income tax – if the monthly deposit rule applies, deposit the tax for payments made in December 2024.
  • Nonpayroll withholding – if the monthly deposit rule applies, deposit the tax for payments made in December 2024.

January 20

  • Martin Luther King Jr. Day

January 31

  • Individuals who must make estimated tax payments – if you didn’t pay your last installment of estimated tax by January 15, you may choose (but aren’t required) to file your income tax return for 2024 by January 31. Filing your return and paying all tax due by January 31 prevents any penalty for late payment of the last installment. If you can’t file and pay your tax by April 15.
  • All businesses – Give annual information statements to recipients of certain payments you made in 2024. You can use either the appropriate version of form 1099 or other information return.
  • Payers of nonemployee compensation – File form 1099-NEC for nonemployee compensation paid in 2024.
  • All employers – Give your employees their copies of Form W-2 for 2024. If an employee has agreed to receive form W-2 electronically, have it posted on a website and notify the employee of the posting.
  • Nonpayroll taxes – File Form 945 to report income tax withheld for 2024 for all nonpayroll items. This due date applies only if you deposited the tax for the year timely, properly, and in full.
  • Social Security, Medicare and withheld income tax – File Form 941 for the fourth quarter of 2024. Deposit or pay any undeposited tax under the accuracy of deposits rule.

 

Affiliations

Subscribe to our newsletter

Sign up with your email address to receive news and updates