October 2024 tax and compliance deadlines

Welcome to your October 2024 list of tax and compliance deadlines. October is an important month to finalize extensions and get ready for the rest of the calendar year. Along the way, don’t forget about these important deadlines, and be sure to pass this list to your clients.

In October, it is recommended that you:

• Conduct year-end tax planning sessions with individual clients.
• Remind individual clients to use flexible spending account funds before year end unless the plan provides a post-year-end grace period or carryover.
• File returns for individual clients who obtained automatic 6-month extensions.
• Renew Preparer Tax Identification Number (PTIN) for 2024.

Key Compliance Dates

Wednesday, Oct. 2—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 25-27.

Friday, Oct. 4:

• Semiweekly depositors deposit FICA and withheld income tax on wages paid on Sept. 28-30.
• Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 1.

Wednesday, Oct. 9—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 2-4.

Thursday, Oct. 10—Tipped employees who received $20 or more in tips during September report them to the employer on Form 4070, Employee’s Report of Tips to Employer.

Friday, Oct. 11—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 5-8.

Tuesday, Oct. 15:

Individuals: If you have an automatic 6-month extension to file your income tax return for 2024, file Form 1040 or Form 1040-SR and pay any tax, interest, and penalties due.

Corporations: File a 2024 calendar year income tax return (Form 1120) and pay any tax, interest, and penalties due. This due date applies only if you timely requested an automatic 6-month extension.

Social Security, Medicare, and withheld income tax: If the monthly deposit rule applies, deposit the tax for payments made in September.

Monthly depositors deposit FICA and withheld income tax for September.

Thursday, Oct. 17—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 9-11.

Thursday, Oct. 18—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 12-15.

Wednesday, Oct. 23—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 16-18.

Friday, Oct. 25—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 19-22.

Wednesday, Oct. 30—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Oct. 23-25.

Thursday, Oct. 31:

• Employers file Form 941, Employer’s Quarterly Federal Tax Return, for the third quarter of 2024 (if tax was deposited in full and on time, file by Nov. 10).
• Deposit FUTA tax owed through September if more than $500.

Intuit® Accountant Resources

• The October 2024 calendar with filing deadlines and reminders for you and your clients.
• Intuit Tax Guide 2024
• Tax law changes for tax year 2023
• IRS annual inflation adjustments for tax years 2023 and 2024
• Key Tax Facts for 2024
• Key Tax Facts for 2023-24