Be sure to mark your calendar because federal income taxes are due on April 15 for 2024.

Key​​ Takeaways

  • You need to know about other important tax-related dates in addition to the April 15 filing deadline to avoid penalties and make the most of savings opportunities.
  • If you earn money that isn’t subject to federal income tax withholding, you may need to make quarterly estimated tax payments throughout the year.
  • You have until April 15 to make tax-advantaged contributions to an individual retirement account and health savings account for the previous year.
  • If you file for a six-month extension, your tax return will be due on Oct. 15, but any money you owe will still be due by April 15.
  • If you’re 73 or older, you may need to take required minimum distributions from your retirement savings each year.

The April 15 federal tax-filing deadline is famous, but there are other key tax deadlines and important dates to know throughout the year.

Read the complete article here:

https://money.usnews.com/money/personal-finance/taxes/articles/every-2024-tax-deadline-you-need-to-know

Content supplied by USNews.com