Updated Tax News For 2025
Paying taxes is not at the top of anyone’s list but unfortunately, we all must do it. Trying to keep up with new rules and important dates can drive you crazy. I can help. I am a former office manager for Jackson Hewitt. On this page, I will try and keep you updated on the latest tax news & important dates.
If you are not going to file your Federal Income Tax by April 15th be sure to file an extension. Use the link below to access my post on extensions.
Tax Deadlines and Extensions 2024. NOTE: This link to my post on extensions is for 2024 but the information included in the post is the same for 2025. If any changes are made to the information concerning extensions I will update the post.
To keep up with these updates you can either bookmark this page or use the link below to subscribe to my site.
Keep in Mind, these tax deadlines and dates are for your federal income taxes and not individual states. It is also meant for personal income tax and sole proprietorships, not S-corps or C-corps.
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NOTE: These dates and news briefs are not all-inclusive. The news briefs and dates below are intended to give you the more common dates and issues for most people.
Tax Due Dates
| January 2025 | E-File: Usually around the end of January the IRS will start accepting taxes filed online. If you use an online company either through a tax company or do it yourself through an online service (like Turbo Tax) you can still file in early January but your return will sit on the company server until the IRS starts accepting online filing. As soon as the IRS publishes the date for 2025, I will update the date here. |
| January 15th, 2025 | Quarterly taxes are due for the period of September 1st, 2024 – December 31st, 2024 (4th Quarter). If you file your taxes by January 31, 2024, and pay the entire balance due at the time you file, you do not have to send in the January 15, 2023 quarterly tax payment. |
| January 31, 2025 | All W-2s should be mailed out by this day. You may not receive it on the 31st but they should be mailed by this date. Most other tax forms are due to be mailed by this date. This includes most 1099s. |
| February 17th, 2025 | Refund Status On Certain Returns: If you claimed either the Earned Income Tax Credit or Additional Child Tax Credit you will have to wait until mid-February before you can start tracking/receiving your refund. The IRS states it can’t issue any refunds including these credits by law until this time. |
| April 1st 2025 | Required Minimum Distributions Due: If you turned 73 in 2024, you must take your first Required Minimum Distribution (RMD) from retirement accounts like traditional IRAs and 401(k)s by April 1, 2025. Consult with a financial advisor to understand the potential tax implications of taking two RMDs in the same year, which could increase your taxable income. |
| April 15, 2025 | This is the tax deadline for 2025. Your taxes must be postmarked by this date. It also represents the last day to file an extension. Keep in mind, that even if you file an extension, you will still pay fines and interest on the money you owe. The extensions will only relieve you of the late filing fee. If you are due a refund there are no late fees or fines. |
| April 15th, 2025…Continued | Quarterly Tax Payment Due: The first estimated tax payment for 2025 is due on April 15th. This is especially important for self-employed individuals, freelancers, and independent contractors who don’t have taxes withheld from their income. |
| April 15th, 2025… Continued | Foreign Account Reporting: If your foreign financial accounts had a combined value of over $10,000 at any point during the year, you must file an FBAR by the same date as your income tax return, including any extensions you file. |
| June 16th, 2025 | Quarterly Tax Payment Due: The second estimated tax payment for 2025 is due on June 16th. Use this as an opportunity to review your income and expenses, and adjust your tax strategy if necessary. Self-employed individuals may benefit from consulting with a tax professional for a mid-year tax checkup. |
| September 15th, 2025 | Quarterly Tax Payment Due: The third estimated tax payment for 2025 is due on September 15th. If your income has changed, adjust your payment to avoid any unexpected tax surprises when filing your return. |
| October 15th, 2025 | If you filed an extension, you must file your taxes by this date so you do not incur any late filing fees. If you owe the IRS money you may be penalized and charged interest from April 15th even though you filed an extension Extensions only cover filing penalties, not taxes due penalties. |
| December 31, 2025 | Required Minimum Distribution: If you turned 73 in 2024 and took your first RMD by April 1, 2025, you’ll need to take your 2025 RMD by December 31, 2025. This deadline also applies to anyone else who is required to take an RMD for 2025. |
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