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APRIL 2024

Upcoming Tax Deadlines

April 1: Employers must electronically file tax forms (e.g., W-2G, 1099, 1095-C, 8027) for 2023. April 10: Employees who earned $20+ in tips in March must report them to employers. April 15: 2023 federal tax returns and first estimated tax payments are due. Corporations must file their tax returns or request a 6-month extension. April 30: Federal unemployment (FUTA) tax deposits and Form 941 for Q1 payroll taxes are due.

APRIL 2024

Watch out for Non-deductible Wellness Expenses Scams

The IRS warns that general health and wellness expenses are not tax-deductible and do not qualify for reimbursement through FSAs, HSAs, MSAs, or HRAs. Scammers falsely claim that food, supplements, and wellness products are eligible for reimbursement if accompanied by a doctor’s note. However, a doctor’s note does not change an ineligible expense into an eligible one. To qualify for tax benefits, an expense must be part of a medical treatment plan for a diagnosed condition. Taxpayers should verify eligibility with their benefits plan administrator before making purchases.

APRIL 2024

Tax Filing Deadline on April 15th

The 2023 federal tax filing deadline is Monday, April 15, 2024 (April 17 for Maine and Massachusetts). Unpaid balances after this date accrue penalties and interest. Taxpayers who cannot file on time should estimate their tax liability and make a payment to reduce penalties. Some taxpayers in federally declared disaster areas may qualify for an extended deadline. Those unable to pay their full balance can apply for an IRS payment plan. IRS Disaster Tax Relief Info: IRS Disaster Relief.

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