Q2 Tax Deadlines: Key Deadlines for Businesses and Other Employers

April 23, 2024

Tax deadlines play a crucial role in the financial lives of individuals and businesses alike. These deadlines mark the cutoff points for filing tax returns, making estimated tax payments and meeting other tax-related obligations. Whether you’re an individual taxpayer, a small business owner or part of a larger corporation, understanding and adhering to these Q2 tax deadlines is essential to avoid penalties and maintain compliance with tax laws.

Key Q2 Tax Deadlines

Here are some of the key Q2 tax deadlines that apply to businesses and other employers. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.

April 15

If you’re a calendar-year corporation, file a 2023 income tax return (Form 1120) or file for an automatic six-month extension (Form 7004) and pay any tax due.
For corporations, pay the first installment of 2024 estimated income taxes. Complete and retain Form 1120-W (worksheet) for your records.
For individuals, file a 2023 income tax return (Form 1040 or Form 1040-SR) or file for an automatic six-month extension (Form 4868) and pay any tax due.
For individuals, pay the first installment of 2024 estimated taxes, if you don’t pay income tax through withholding (Form 1040-ES).

April 30

Employers report income tax withholding and FICA taxes for the first quarter of 2024 (Form 941) and pay any tax due.

May 10

Employers report income tax withholding and FICA taxes for the first quarter of 2024 (Form 941), if they deposited on time, and fully paid, all of the associated taxes due.

May 15

Employers deposit Social Security, Medicare and withheld income taxes for April if the monthly deposit rule applies.

June 17

Corporations pay the second installment of 2024 estimated income taxes.

Our Tax Professionals can Help

Seeking professional advice from one of our tax accountants can be beneficial in navigating through the complexities of tax regulations and maximizing deductions or credits. These professionals can provide guidance on how to meet the Q2 tax deadlines efficiently and ensure compliance with all legal requirements. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements.