When Are Taxes Due in 2025 - Key Deadlines

One of the most important financial responsibilities for individuals and businesses is filing taxes on time. Missing a tax deadline can result in penalties, interest charges, and unnecessary stress. For the 2025 tax season, the deadline for filing your 2024 federal income tax return is April 15, 2025. If you need additional time, you can request a six-month extension, which pushes your filing deadline to October 15, 2025. However, an extension does not mean you can delay paying taxes—you must estimate and pay any owed taxes by April 15 to avoid penalties.

Tax deadlines can be complex, especially if you’re a small business owner or dealing with corporate taxes. Working with a professional tax service like Lumon Tax Services ensures that you meet all deadlines while maximizing deductions and minimizing liabilities.

For individuals, the filing deadline applies to W-2 employees, independent contractors, and self-employed individuals who report earnings through Form 1040. If you need assistance with personal tax filing, our individual tax preparation service ensures you file correctly and on time.

What Happens If You Miss the Deadline?

Failing to file your tax return by April 15, 2025, can lead to significant financial consequences. The IRS imposes a failure-to-file penalty of 5% of the unpaid tax amount per month, up to a maximum of 25%. Additionally, if you owe taxes and fail to pay on time, you’ll also incur a failure-to-pay penalty, which is 0.5% per month on the unpaid balance.

If you find yourself in a situation where you cannot pay your taxes in full, tax resolution services can help you explore options such as installment agreements or an Offer in Compromise to reduce your overall tax liability.

For businesses, missing the deadline can lead to higher penalties and potential IRS scrutiny. Corporations that fail to file on time may face a penalty of 5% per month, capped at 25% of the unpaid taxes. If your business is struggling with tax compliance, our corporate tax preparation and small business tax services can help navigate the complexities of business tax regulations.

If you are facing an IRS audit due to a missed filing, our audit defense services provide expert representation to ensure the best possible outcome.

Quarterly Tax Payments for the Self-Employed

If you are self-employed, a freelancer, or a business owner, you may be required to make estimated quarterly tax payments to the IRS. Unlike traditional employees who have taxes withheld from their paychecks, self-employed individuals must calculate and pay taxes throughout the year.

Estimated tax payments for 2025 are due on the following dates:

• January 15, 2025 – Final estimated tax payment for the 2024 tax year
• April 15, 2025 – First estimated tax payment for the 2025 tax year
• June 16, 2025 – Second estimated tax payment for 2025
• September 15, 2025 – Third estimated tax payment for 2025

Failing to make these payments on time can result in underpayment penalties and interest charges. Our business tax preparation services ensure you meet all payment deadlines and avoid unnecessary fees.

Self-employed individuals can also benefit from tax planning strategies, which can help reduce taxable income and maximize deductions throughout the year.

Stay Ahead of Deadlines with Lumon Tax Services

At Lumon Tax Services, we provide expert tax consulting, preparation, and representation to individuals and businesses. Whether you need help with tax audits, payroll services, or IRS representation, our team of experienced CPAs is here to help.

🔹 Need assistance? Contact us today to schedule a consultation and stay compliant with all 2025 tax deadlines.

Business Tax Filing Deadlines and Requirements

Businesses have different tax deadlines depending on their entity type. It is crucial to stay informed about these dates to avoid penalties and ensure compliance with IRS regulations.

Partnership and S Corporation Filing Deadline

If you operate a partnership or an S corporation, the tax filing deadline for your 2024 business return (Forms 1065 or 1120-S) is March 17, 2025. The standard deadline is March 15, but since it falls on a weekend, the deadline is extended to the next business day.

Businesses can request a six-month extension, moving the filing deadline to September 15, 2025. However, just like with individual tax extensions, any taxes owed must still be paid by the original March 17 deadline to avoid penalties.

For businesses needing professional tax preparation, our business tax preparation and corporate tax services ensure accuracy and compliance with IRS requirements.

C Corporation Filing Deadline

For C corporations, the deadline to file 2024 tax returns (Form 1120) is April 15, 2025. Corporations can request an automatic six-month extension, which moves the filing deadline to October 15, 2025.

Failing to file business taxes on time can result in severe penalties, audits, and even IRS enforcement actions. Our IRS representation services can help defend your company in case of tax disputes or audits.

State Tax Deadlines and Considerations

In addition to federal tax deadlines, businesses and individuals must comply with state tax deadlines, which may vary depending on where you live or operate. While many states follow the April 15 deadline for individual income taxes, others have different filing schedules.

For example, Maine and Massachusetts often have different deadlines due to state holidays. Business owners should also check state-specific tax deadlines for corporate income tax, payroll tax, and sales tax filings.

To ensure full compliance at the state and federal levels, our tax consulting services provide guidance tailored to your business location and structure.

Late Filing Penalties and How to Avoid Them

The IRS imposes significant penalties for failing to file taxes or pay on time. Understanding these penalties can help individuals and businesses take proactive measures to avoid unnecessary financial burdens.

Failure-to-File Penalty

• 5% per month of unpaid taxes, up to 25% of the total owed.
• If your return is more than 60 days late, the minimum penalty is either $485 or 100% of the unpaid tax, whichever is smaller.

Failure-to-Pay Penalty

• 0.5% per month of the unpaid balance, increasing to 1% per month if the IRS issues a final demand for payment.

To avoid these penalties, pay any taxes owed by April 15, even if you file for an extension. If you owe taxes and cannot afford to pay in full, our tax resolution services can help negotiate payment plans or other solutions with the IRS.

Payroll Tax and Estimated Tax Payment Deadlines

Businesses with employees must also stay compliant with payroll tax deadlines. Employers are responsible for withholding and submitting Social Security, Medicare, and federal income taxes to the IRS on a regular schedule.

Payroll tax deposit schedules depend on whether your business is on a monthly or semi-weekly deposit schedule. If you need assistance managing payroll tax obligations, our payroll services ensure accuracy and compliance with IRS regulations.

For self-employed individuals, estimated tax payments must be made quarterly to avoid penalties. If you're unsure how much to pay, our CPA services can help calculate the correct amount and ensure you meet all deadlines.

Tax Planning Tips to Stay Ahead in 2025

Planning ahead is the best way to ensure a smooth tax season and minimize your overall tax burden. Here are some expert tips:

Keep Accurate Records

• Maintain organized financial records for income, expenses, and deductions.
• Store digital copies of W-2s, 1099s, and business receipts to simplify tax filing.

Maximize Tax Deductions

• Claim all eligible deductions, including home office expenses, vehicle mileage, and retirement contributions.
• If you own a business, leverage deductions for equipment purchases and operational costs.

Consider Tax-Advantaged Accounts

• Contribute to retirement accounts (IRA, 401k, SEP IRA) to reduce taxable income.
• Utilize health savings accounts (HSA) or flexible spending accounts (FSA) for medical expenses.

For personalized tax strategies, our tax planning services can help optimize your financial situation throughout the year.

Stay Compliant and Avoid Stress with Lumon Tax Services

Navigating tax deadlines and IRS regulations can be complex, but you don’t have to do it alone. Lumon Tax Services provides comprehensive solutions for individuals, small businesses, and corporations. Whether you need help with tax preparation, audit defense, or IRS representation, our team of tax professionals ensures your compliance and financial security.

🔹 Need expert tax guidance? Contact us today to schedule a consultation and stay ahead of your 2025 tax obligations.