September 10: Employees who earned $20 or more in tips in August must report them to employers. September 16: Corporations must pay their third estimated tax installment for 2024. S-Corporations and partnerships that requested a 6-month extension must file their 2023 tax returns. Individuals who don’t have enough withheld from their paycheck should make an estimated tax payment using Form 1040-ES.

Teachers and classroom staff may qualify for the Educator Expense Deduction, which allows them to deduct up to $300 in classroom-related expenses ($600 for joint filers if both are educators). Eligible expenses include books, paper, writing utensils, and supplies for health or physical education classes. Unreimbursed costs for professional development workshops may also qualify. The deduction is above the line, meaning educators can claim it even if they don’t itemize deductions. Keeping receipts and records is essential for claiming this tax benefit.

Parents who paid for their children under 13 to attend summer day camps may qualify for the Child and Dependent Care Credit on their 2024 tax return. This credit helps parents who incur care expenses to work or seek work. The credit may also apply to care costs for dependents 13 or older with a permanent disability. Overnight camps do not qualify. The credit covers 20-35% of eligible expenses, up to $3,000 for one child or $6,000 for two or more children. To claim the credit, parents must report the provider’s name and taxpayer identification number (TIN) on their return. Married taxpayers generally must file jointly unless they qualify for an exception.