Important Tax Dates: The First Day of Tax Filing in 2024 is Here

Today marks the first day the IRS is accepting tax returns for the 2024 tax year. To help you navigate this tax season with ease, we’ve compiled key dates, timelines, and tips to keep you organized and informed. Whether you’re filing taxes for your small business or as an individual, this guide will ensure you stay on top of all deadlines and maximize your refund.

E-Filed Returns Timeline

E-filing your taxes is the fastest way to receive your refund. Here’s what to expect:

• Direct Deposit: Expect your refund approximately 10 days after the IRS accepts your return.

• Paper Checks: Add about one week to the direct deposit timeline.

Example Refund Dates

• If your return is accepted on January 27, 2025, expect your refund by direct deposit on February 7, 2025. For a paper check, expect it by February 14, 2025.

• Returns accepted on February 3, 2025, will see refunds via direct deposit by February 14, 2025, and paper checks by February 21, 2025.

• For returns accepted on February 10, 2025, refunds will be sent via direct deposit on February 21, 2025, and paper checks by February 28, 2025.

• Returns accepted on February 17, 2025, will have refunds deposited by February 28, 2025, and paper checks mailed by March 7, 2025.

Refund dates will continue in similar intervals through March and beyond, depending on when your return is accepted.

Important Notes to Keep in Mind

• EITC & ACTC Refund Delays: If you’re claiming the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC), your refund may be delayed until March 2025 due to verification requirements.

• Peak Season Filing: Filing closer to Tax Day (April 15) may result in longer processing times.

• Refund Processing Times:

  • Most refunds for e-filed returns are issued within 21 days.

  • Paper-filed returns can take 12 weeks or longer.

• Refund Status Tracking: Use the Where’s My Refund? tool on the IRS website or the IRS2Go app to track your refund.

Key Tax Deadlines for 2024 Tax Year

January 2025

• January 15: 4th Quarter 2024 Estimated Tax Payments Due

• January 31: Deadline for employers to send W-2 and certain 1099 forms

March 2025

• March 17: Tax filing deadline for partnerships, multi-member LLCs, and S-corporations

April 2025

• April 15: Tax Day! Filing deadline for individuals, C-corporations, and sole proprietors

• April 15: 1st Quarter 2025 Estimated Tax Payments Due

Additional Deadlines

• June 16, 2025: 2nd Quarter Estimated Tax Payments Due

• September 15, 2025: Extended deadline for partnerships and S-corporations

• October 15, 2025: Extended deadline for individual and C-corporation tax returns

Plan Ahead for a Smooth Tax Season

Preparation is the key to stress-free tax filing. By staying ahead of deadlines and understanding your refund timeline, you can avoid last-minute surprises and delays.

If you’re in Pittsburgh, PA, and need help with tax preparation for your LLC, S-corporation, or personal taxes, contact Pittsburgh Logos Tax and Business Solutions today. Our expert tax consultants are here to make filing your taxes easy and maximize your refund.

Ready to file your taxes? Reach out to Pittsburgh Logos Tax and Business Solutions for professional tax preparation services in Pittsburgh. Let us help you save time and keep more of what you earn!