
How do the federal tax filing deadlines for 2024 differ for individuals, corporations, and partnerships?
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The federal tax filing deadlines for 2024 differ for individuals, corporations, and partnerships based on the type of taxpayer, the tax year (calendar or fiscal), and whether the taxpayer is located in a federally declared disaster area. Below is a comprehensive breakdown of the general rules and the key exceptions for 2024:
1. Individuals (Form 1040)
General Rule
- Calendar Year Filers: The deadline is April 15, 2024.
- Fiscal Year Filers: The deadline is the 15th day of the 4th month after the end of the fiscal year.
Extensions
- Individuals can request an automatic 6-month extension to file (to October 15, 2024) by filing Form 4868, but any tax owed must still be paid by the original due date to avoid interest and penalties.
Disaster Relief Exceptions
- Ohio (Certain Counties): Due to tornadoes, the deadline for returns and payments due from March 14, 2024, through September 3, 2024, is postponed to September 3, 2024.
- Kentucky (Certain Counties): Due to storms, the deadline for returns and payments due from April 2, 2024, through November 1, 2024, is postponed to November 1, 2024.
2. Corporations (Form 1120)
General Rule
- Calendar Year Filers: The deadline is April 15, 2024.
- Fiscal Year Filers: The deadline is the 15th day of the 4th month after the end of the corporation’s fiscal year.
- Exception: For corporations with a fiscal year ending June 30, the deadline is the 15th day of the 3rd month after the end of the fiscal year.
Extensions
- Corporations can request an automatic extension (generally 6 months, but 7 months for June 30 year-ends) by filing Form 7004. However, tax payments are still due by the original deadline.
Disaster Relief Exceptions
- Ohio (Certain Counties): Returns and payments due from March 14, 2024, through September 3, 2024, are postponed to September 3, 2024.
- Kentucky (Certain Counties): Returns and payments due from April 2, 2024, through November 1, 2024, are postponed to November 1, 2024.
3. Partnerships (Form 1065) and S Corporations (Form 1120-S)
General Rule
- Calendar Year Filers: The deadline is March 15, 2024.
- Fiscal Year Filers: The deadline is the 15th day of the 3rd month after the end of the partnership’s or S corporation’s fiscal year.
Extensions
- Partnerships and S corporations can request an automatic 6-month extension by filing Form 7004.
Disaster Relief Exceptions
- Ohio (Certain Counties): Returns and payments due from March 14, 2024, through September 3, 2024, are postponed to September 3, 2024. This includes calendar-year partnership and S corporation returns normally due March 15, 2024.
- Kentucky (Certain Counties): Returns and payments due from April 2, 2024, through November 1, 2024, are postponed to November 1, 2024.
4. Summary Table of 2024 Federal Filing Deadlines
*For corporations with a fiscal year ending June 30, the deadline is the 15th day of the 3rd month after year-end.
5. Key Takeaways
- Individuals: April 15, 2024, unless in a disaster area.
- Corporations: April 15, 2024, unless fiscal year or in a disaster area.
- Partnerships/S Corps: March 15, 2024, unless in a disaster area.
- Disaster Relief: IRS may postpone deadlines for affected areas; check IRS News Releases and the IRS disaster relief page for updates.
If you need information about a specific state, fiscal year, or additional exceptions, please provide more details.
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