Upcoming Tax Deadlines

Important tax deadlines for January and February. January 10: Employees Who Work for Tips – If you received $20 or more in tips in December, report them to your employer. January 15: Farmers and Fishermen – Pay estimated tax for 2024. If not, you must file your 2024 return and pay all tax due by March 3, 2025, to avoid penalties. January 31: Businesses – File Form 1099-NEC for nonemployee compensation paid in 2024 and issue annual statements to recipients of certain payments. Individuals – If you missed the January 15 estimated tax payment deadline, you can file your 2024 return and pay the balance by January 31 to avoid penalties.