Upcoming Tax Deadlines: March-April 2025

Below are some key tax deadlines for March and April. Please note this is not an all-inclusive list, and additional deadlines may apply to your specific situation.

March 17

S Corporations‍

Federal income tax returns (Form 1120S) due or file for a six-month extension (Form 7004).

Partnerships‍

Federal income tax returns (Form 1065) due or file for a six-month extension (Form 7004).

April 15

Individuals

• Federal income tax returns (Form 1040) due or file for a six-month extension (Form 4868) and pay any taxes due.

• First installment of 2025 estimated federal income taxes due.

• Gift tax returns (Form 709) due or file for a six-month extension (Form 8892) and pay any taxes due. If no gift tax is due, the individual extension (Form 4868) automatically extends the due date of the gift tax return.

Trusts and Estates

• Federal income tax returns (Form 1041) due or file for a five-and-a-half month extension (Form 7004) and pay any taxes due.

Corporations

• Federal Income tax returns (Form 1120) due or file for six-month extension (Form 7004) and pay any taxes due.

• First installment of 2025 estimated federal income taxes due.

Tennessee Businesses

• Tennessee Franchise and Excise tax returns (Form FAE 170) due or file for a seven-month extension (Form FAE 173) and pay any taxes due.

• First installment of 2025 estimated Tennessee Franchise and Excise taxes due.

Disaster Relief Deadlines

‍Depending upon their location, disaster-area taxpayers who received extensions to file their 2023 returns have returns due by May 1, 2025.

• 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.

Additionally, the IRS announced tax relief for individuals and businesses in southern California affected by the wildfires.

• The tax relief postpones various tax filing and payment deadlines that occurred from Jan. 7, 2025, through Oct. 15, 2025 (postponement period). As a result, affected individuals and businesses will have until Oct. 15, 2025, to file returns and pay any taxes that were originally due during this period.

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.