Important Tax Deadlines for Self-Employed Individuals in 2024
Friday, 12 April 2024, 11:35
Overview
As a self-employed individual, it's essential to understand the tax deadlines for 2024 to avoid penalties and ensure compliance with the IRS. Various tax deadlines, including estimated quarterly payments, are crucial to manage efficiently.
Key Points
- April 15 Deadline: Self-employed individuals must make their first estimated tax payment for 2024 by this date, along with filing their tax return for the previous year.
- Quarterly Payments: Subsequent estimated tax payments for 2024 are due on June 15, Sept. 15, and Jan. 15, 2025, with specific guidelines based on income sources.
- Consult Professionals: Consider seeking advice from accountants or tax professionals to accurately calculate and manage your estimated tax payments.
Conclusion
Staying on top of tax deadlines is crucial for self-employed individuals to avoid penalties and maintain financial stability. By understanding and adhering to the necessary tax obligations, you can effectively manage your finances and ensure compliance with IRS regulations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.