April 15 (April 17 this year) is the main tax deadline on most individual taxpayers’ minds. But there are other individual tax deadlines through the rest of the year that you also need to be aware of. Make sure you don’t miss any important 2018 deadlines. Here’s a look at when some key tax-related forms, payments and other actions are due. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.
Please review the calendar. Let us know if you have any questions about the individual tax deadlines or would like assistance in meeting them.
June 15
- File a 2017 individual income tax return (Form 1040) or file for a four-month extension (Form 4868) and pay any tax and interest due if you live outside the United States.
- Pay the second installment of 2018 estimated taxes if you are not paying income tax through withholding (Form 1040-ES).
September 17
- Pay the third installment of 2018 estimated taxes if you are not paying income tax through withholding (Form 1040-ES).
October 1
- If you’re the trustee of a trust or the executor of an estate, file an income tax return for the 2017 calendar year (Form 1041) and pay any tax, interest and penalties due, if you filed an automatic five-and-a-half month extension.
October 15
- File a 2017 income tax return (Form 1040, Form 1040A or Form 1040EZ) and pay any tax, interest and penalties due if you filed an automatic six-month extension (or if you are a taxpayer living outside the United States and you filed an automatic four-month extension).
- Make contributions for 2017 to certain retirement plans, or establish a SEP for 2017 if you filed an automatic six-month extension.
- File a 2017 gift tax return (Form 709), and pay any tax, interest and penalties due if you filed an automatic six-month extension.
December 31
- Make 2018 contributions to certain employer-sponsored retirement plans.
- Make 2018 annual exclusion gifts (up to $15,000 per recipient).
- Incur various expenses that you can potentially claim as itemized deductions on your 2018 tax return. Examples include charitable donations, medical expenses and property tax payments.
But remember that some types of expenses that were deductible on 2017 returns won’t be deductible on 2018 returns under the Tax Cuts and Jobs Act. These include unreimbursed work-related expenses, certain professional fees, and investment expenses. In addition, some deductions will be subject to new limits. Finally, with the nearly doubled standard deduction, you may no longer benefit from itemizing deductions.
© 2018