As we begin the new year, it’s important to stay organized and ahead of the game when it comes to your taxes. The 2025 tax season is already upon us, and keeping track of important dates can help you avoid penalties and ensure you’re making the most of your tax opportunities. Here’s a breakdown of the key dates for taxpayers to remember in 2025:
January 2, 2025 – Apply for a Same Day Cash Advance
The first day to apply for a Same Day Cash Advance of up to $7,000 is January 2nd. To qualify, taxpayers must have all the required tax documents in order. This is a great option if you need quick cash while waiting for your tax return.
January 15, 2025 – 4th Quarter 2024 Estimated Tax Payment Due
If you’re self-employed or have other sources of income that aren’t subject to automatic tax withholding, January 15th marks the deadline for the 4th quarter 2024 estimated tax payment. Make sure you stay on top of your quarterly payments to avoid penalties and interest.
January 29, 2025 – Tax Season Begins
January 29th is the day the IRS will begin accepting and processing 2024 federal tax returns. This is a great time to start filing your taxes, especially if you’re expecting a refund. The sooner you file, the sooner you’ll receive your refund!
January 31, 2025 – Deadline for Employers and Financial Institutions to Send Important Tax Forms
Employers and financial institutions must send out all required tax forms (W-2, 1099, etc.) to employees and taxpayers by January 31st. These forms are crucial for accurately completing your tax return, so make sure you receive all necessary documents before starting your filing process.
February 18, 2025 – Reclaim Your Exemption from Withholding
If you’re employed and want to adjust your withholding exemptions, February 18th is the deadline to make the change. This is important if you want to reduce the amount of tax withheld from your paycheck or claim additional exemptions for the year.
March 15, 2025 – Last Day to Apply for a Same Day Cash Advance
March 15th is the final day to apply for the Same Day Cash Advance of up to $7,000. If you haven’t already taken advantage of this offer, be sure to get your application in before the deadline.
April 15, 2025 – Last Day to File 2024 Tax Return (Unless Extended)
April 15th is the official deadline to file your 2024 tax return. If you’re unable to file by this date, you may request an extension, but you still need to pay any taxes owed by the 15th to avoid penalties and interest.
April 15, 2024 – Deadline to File Form 4868 and Request an Extension
For those who need more time to file, April 15th is also the deadline to file Form 4868 and request an extension. This will give you an additional six months to submit your tax return.
June 16, 2025 – Second Quarter 2025 Estimated Tax Payment Due
If you make estimated tax payments, the second quarter payment for 2025 is due on June 16th. Keep in mind that timely payments are essential to avoid penalties.
September 15, 2025 – Third Quarter 2025 Estimated Tax Payment Due
The third quarter estimated tax payment for 2025 is due on September 15th. Make sure you’re keeping up with these payments to avoid a large tax bill come April.
October 15, 2025 – Deadline to File Your Extended 2024 Tax Return
For those who filed for an extension, October 15th is the final deadline to submit your extended 2024 tax return. Be sure to file on time to avoid any further penalties or interest.
Stay On Track and File on Time!
By keeping track of these important dates, you can ensure a smooth and stress-free tax season. Whether you’re filing your tax return early, taking advantage of a Same Day Cash Advance, or making estimated tax payments, being proactive about your taxes can help you avoid penalties and get the most out of your refund.
If you’re feeling overwhelmed by tax season, don’t hesitate to reach out to a tax professional for assistance. At Mo-Better Tax, we’re here to help you navigate the complexities of tax filing and ensure that you’re on track for success this year.