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2024 Q2 Tax Calendar: Key Deadlines for Businesses and Employers

q2-2024Here are some of the key tax-related deadlines applying to businesses and other employers during the second quarter of 2024. Keep in mind this list isn’t all-inclusive, so there may be additional deadlines applying to your situation. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements.

April 15

  • If you’re a calendar-year corporation, file a 2023 income tax return (Form 1120) or file for an automatic six-month extension (Form 7004) and pay any tax due.
  • For corporations, pay the first installment of 2024 estimated income taxes. Complete and retain Form 1120-W (worksheet) for your records.
  • For individuals, file a 2023 income tax return (Form 1040 or Form 1040-SR) or file for an automatic six-month extension (Form 4868) and pay any tax due.
  • For individuals, pay the first installment of 2024 estimated taxes, if you don’t pay income tax through withholding (Form 1040-ES).

April 30

  • Employers report income tax withholding and FICA taxes for the first quarter of 2024 (Form 941) and pay any tax due.

May 10

  • Employers report income tax withholding and FICA taxes for the first quarter of 2024 (Form 941), if they deposited on time, and fully paid, all of the associated taxes due.

May 15

  • Employers deposit Social Security, Medicare and withheld income taxes for April if the monthly deposit rule applies.

June 17

  • Corporations pay the second installment of 2024 estimated income taxes.

© 2024

Adam Traywick, CPA

Adam Traywick, CPA, runs Adam Traywick, LLC, a CPA firm in Fort Worth, Texas. He has more than 20 years of experience in tax and accounting. Adam and his team work mostly with trades and home-service businesses, along with hair salons, real estate investors and insurance agencies. The firm handles bookkeeping, payroll, tax preparation and tax planning all year, and the team stays in touch with clients throughout the year so April holds no surprises.

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