Upcoming Tax Deadlines for 2025
There are several important tax deadlines for businesses and individuals just around the corner. Keep in mind that this list is not all-inclusive, so there may be additional deadlines that apply to you.
January 15:
- The fourth installment of 2024 estimated Tennessee Franchise and Excise taxes due.
- The fourth installment of 2024 estimated federal income taxes for individuals due.
January 20:
- Sales tax returns are due for filers in Tennessee, Georgia, and several other states.
January 31:
- Employers are required to file W-2s and 1099s.
- Annual FUTA tax return (form 940) due for employers.
February 3 or May 1 disaster relief deadlines:
Depending upon their location, disaster-area taxpayers who received extensions to file their 2023 returns have returns due by Feb. 3 or May 1, 2025.
- Eligible taxpayers in the entire states of Louisiana and Vermont, all of Puerto Rico and the Virgin Islands and parts of Arizona, Connecticut, Illinois, Kentucky, Minnesota, Missouri, Montana, New York, Pennsylvania, South Dakota, Texas and Washington state have until Feb. 3, 2025, to file their 2023 returns.
- Eligible taxpayers in the entire states of Alabama, Florida, Georgia, North Carolina and South Carolina, and parts of Alaska, New Mexico, Tennessee, Virginia and West Virginia will have until May 1, 2025, to file their 2023 returns. For these taxpayers, May 1 will also be the deadline for filing their 2024 returns and paying any tax due. Taxpayers that have an estimated income tax payment originally due on or after Aug. 22, 2024, are also postponed through May 1.
It is important to note that this relief is available due to the catastrophic nature of the natural disasters in the past few months, including hurricanes, wildfires, and flooding. Taxpayers impacted by these events may also be eligible to claim casualty losses on their returns. If you have experienced damage to your property, you may be able to deduct these losses, subject to specific calculations and criteria.
If you need assistance with how to proceed with your filings or if you are unsure about your eligibility for this relief, please do not hesitate to reach out to us. We are here to ensure that you can navigate this challenging time without the added burden of tax-related concerns.
Please also feel free to visit the IRS website for more information on extension deadlines and the full list of affected areas.
Contact us to ensure you are meeting all applicable deadlines and to learn more about the filing requirements.