2024 Taxes Deadline!
Do you have Tax Questions? At T.A.X.E.S. we have Answers!
The deadline for filing your 2024 Taxes is approaching fast!
PERSONAL TAXES
• April 15, 2025, is the deadline for filing your 2024 1040 tax return.
• With an extension, you have until October 15, 2025, without late filing penalty.
• But your tax liability is due on April 15 to prevent any late payment penalty.
• If you do not have all your records by the filing date of April 15, it is better to be on extension.
• Amending a return is acceptable but may raise more questions later.
You may be able to download the forms from your company or an agency if needed.
BUSINESS TAXES
• Corporate and Partnership returns are due on March 17, 2025.
• With an extension the date is September 15, 2025, to file without a penalty.
• But again, the extension will not extend the time to pay taxes that are due.
REMINDERS
• IRA and HSA contributions by April 15, 2025, for a tax credit within the income limitations.
• If you receive a 1099-K in 2024, it must be reported on your tax return.
• If you are 73 or older, you must take money out of your tax deferred IRAs and 401Ks.
• Did you receive or sell a digital asset? The IRS is requiring Cryptocurrency reporting.
There are many more taxing matters for the 2025 tax season. Now is the time to complete the 2024 taxes before the deadline. In the future read more at Alltaxingmatters.com.
Bruce Bevan AFSP, Owner of T.A.X.E.S.
513-897-1040
bruce@your1040tax