2024 US Deadlines to Consider for 2023 US Tax Year

The US tax year runs from January 1st to December 31st each year. For anyone subject to US tax systems, there are some of the deadlines and key dates for US tax filing that they need to be aware of throughout each tax period, wherever they are in the world. Below are some of the deadlines for the 2023 US tax year.

January 16, 2024

Deadline for Individuals to pay Quarter 4 of 2023 Estimated Income Tax payment

Income that does not have US tax withholding or cannot be offset using deductions or foreign tax credits may need to be estimated and paid by January 16, 2024 using Form 1040-ES.

March 5, 2024

Deadline for making a trust distribution under the 65-day election rules

The 65-day rule means that any distribution made by an estate or trust during the first 65 days of the tax year can be treated as though it was paid on the last day of the previous tax year provided the election is timely made.

March 15, 2024

Deadline for S corporations (Form 1120-S) and Partnerships (Form 1065) to file their 2023 tax returns

These filings are always due on the 15th day of the 3rd month after the close of a corporation’s or partnership’s tax year. If you need to request a six-month extension, the relevant extension forms for your situation would need to be filed.

Deadline for Owners of Foreign Trusts to file Form 3520-A

You can request a six-month extension to submit Form 3520-A by filing Extension Form 7004.

April 15, 2024

Deadline for filing 2023 Individual Federal Income Tax Returns Form 1040/1040NR

For individuals living outside of the US on April 15, 2024, an automatic extension is granted until June 16, 2024.

For individuals living in the US who require an extension, Form 4868 can be filed, which, if accepted, will allow you an additional six months to file your Individual Federal Income Tax Return.

For individuals who still owe tax for 2023, the final payment date is April 15, 2024, after which the amount owed will start to accrue interest.

Deadline for filing 2023 US Gift tax return

This is the deadline for filing Form 7090 US Gift tax return. An extension can be requested for an additional six months by filing Form 4868 (or Form 8892 if there is no Federal tax return filing requirement)

Deadline for Individuals to pay Quarter 1 of their 2024 Estimated Income Tax payment

By this date, individuals who have income that does not have US Federal tax, or cannot be offset using deductions or foreign tax credits, need to pay their Estimated Taxes, via Form 1040-ES.

Deadline for filing 2023 FBAR form

There is an automatic extension to October 15, 2024 to file the FBAR form. After this date, you will not receive further extension to file an FBAR form.

Deadline for filing 2023 Corporation Income Tax return

To request a six-month extension on filing your 2023 Corporation Income Tax return, you must file Extension Form 7004.

Deadline to file 2023 US Trust form 1041

If you cannot submit a 2023 US Trust Form 1041 by April 15, 2024, you can request a five-and-a-half-month extension by filing Extension Form 7004.

Deadline for filing most 2023 Individual States’ Income Tax forms.

Although April 15, 2024, is the deadline date for most states, some have later deadlines. If an extension to submit your State Income Tax form is needed, please refer to the relevant state’s extension forms. Some states will accept the Federal Extension form if there is not any State Tax due with the State Tax return.

June 17, 2024

Deadline for filing 2023 Individual Federal Income Tax return for individuals residing outside the US as of April 15 and non-resident aliens who do not have a W-2 issued and do not have an office or place of business in the US

A four-month extension can be made by filing Form 4868.

Deadline for Individuals to pay Quarter 2 of their 2024 Estimated Income Tax payment

By this date, individuals who have income that does not have US Federal tax, or cannot be offset using deductions or foreign tax credits, need to pay their Estimated Taxes, via Form 1040-ES.

September 16, 2024

Final extended deadline for S corporations (Form 1120-S) and Partnerships (Form 1065) to file 2023 tax returns

If an extension to file Form 1120-S and 1065 was previously requested, this is the final date to make this filing.

Final extended deadline for Owners of Foreign Trusts to file Form 3520-A

If an individual is associated with a foreign trust with at least one US owner, September 15, 2024, is the final date to submit Form 3520-A.

Deadline for Individuals to pay Quarter 3 of their 2024 Estimated Income Tax payment

By this date, individuals who have income that does not have US Federal tax or cannot be offset using deductions or foreign tax credits, need to pay their Estimated Taxes, via Form 1040-ES.

September 30, 2024

Final extended deadline for US Trusts to file Form 1041

For US trusts that were granted an extension to submit the Federal Income Tax return, September 30, 2024, is the final extended date to file Form 1041.

October 15, 2024

Final extended deadline for people living in the US filing 2024 Individual Federal Income tax return

For US residents who were granted an extension to submit their Individual Federal Income Tax return, October 15, 2024, is the final extended date to make this filing.

Final extended deadline for filing 2023 FBAR form

This is the final date to submit the 2023 FBAR form. After this date, no further extensions can be made.

Final extended deadline for filing 2023 Foreign Trust form 3520

This is the final date to submit foreign trust Form 3520. After this date, no further extensions can be made.

Final extended deadline for filing 2023 US Gift tax Form 709

This is the final date to submit foreign gift tax Form 709. After this date, no further extensions can be made.

Final extended deadline for filing 2023 Corporation Income Tax return

If a six-month extension to file your 2023 Corporation Income Tax return was granted, the final day to submit is October 15, 2024.

Final date to request a further two-month of extension for people living outside of the US submitting a Federal Income Tax return

For those individuals living outside of the US, a two-month extension to file your Federal Income Tax return can be requested, which will extend until December 15, 2024. This must be done in writing to the IRS and approval is not automatic.

December 16, 2024

Final extended deadline for people living outside of the US and non-residents filing a 2023 Individual Federal Income Tax return

If a further extension is granted by the IRS, this is the final deadline to submit the 2023 Federal Income Tax return.

December 30, 2024

This is the last day to make any tax planning moves or changes for the year.

December 31, 2024

This is the deadline for individuals to make UK (foreign) tax payments for FTC purposes.

Additional timings to consider:

The standard due date for US Estate tax return Form 706 is 9 months after the date of the decedent’s death. Form 4768 extends the filing deadline by 6 months.

If you need assistance navigating your US tax obligations, we can help – wherever you are in the world. Contact us to find out more.

Article written by Glenn Snow