January Due Dates
Time to Call For Your Tax Appointment
January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you to do so before the calendar becomes too crowded.
Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during December, you are required to report them to your employer on IRS Form 4070 no later than January 10.
Individual Estimated Tax Payment Due
It’s time to make your fourth quarter estimated tax installment payment for the 2021 tax year.
Individuals Who Must Make Estimated Tax Payments
If you didn’t pay your last installment of estimated tax by January 18, you may choose (but aren’t required) to file your income tax return (Form 1040 or Form 1040-SR) for 2021 by January 31. Filing your return and paying any tax due by January 31 prevents any penalty for late payment of the last installment. If you can’t file and pay your tax by January 31, file and pay your tax by April 18 (April 19 if you live in Maine or Massachusetts).