January 2024 Individual Due Dates
January 2: Kick-Start Your Tax Preparation
The new year is not just a time for resolutions but also the perfect time to get ahead in your tax preparations. January marks the start of the busy tax season. To ensure you secure a convenient time slot, we recommend scheduling your tax appointment with your BATS Xpress team as soon as possible. Beat the rush and avoid the last-minute scramble!
January 10: Tip Reporting Deadline for Employees
Attention to all employees who earn tips: If you received over $20 in tips during December, remember to report them to your employer. This needs to be done by January 10 using IRS Form 4070. Accurate tip reporting is essential for ensuring your taxes are correctly calculated, so don’t delay!
January 16: Fourth Quarter Estimated Tax Payment Due
For those paying estimated taxes, it's time to make your fourth-quarter payment for the 2023 tax year. Staying on top of these payments can help you manage your tax burden effectively and avoid surprises when tax season rolls around.
January 31: Final Call for Estimated Taxpayers
Did you miss the January 16 deadline for your last installment of estimated tax? There's still a chance to avoid penalties. Opt to file your 2023 income tax return (Form 1040 or Form 1040-SR) by January 31 and settle any outstanding tax. This step will safeguard you from late payment penalties on the final installment. However, if you're unable to file and pay by this date, the ultimate deadline is April 15 (or April 17 for residents of Maine or Massachusetts).