Don’t miss these 7 key tax deadlines as IRS gets ready to open Tax season

Income Tax Day deadlines are nearing for American taxpayers and one must remember a few important dates. It's essential to mark the individual's tax calendar. Taxpayers must not miss these deadlines.

Income Tax Deadline Dates

Due date for Personal tax returns for the year 2025 is scheduled on April 15, Wednesday. Those who will miss this date, will have to pay five per cent per month as penalty.


W-2 needs to be sent to workers by the employers by Saturday, January 31.

Those who are earning from other than that of jobs, will receive 1099 tax form by Sunday, February 15.

Quarterly payments to the IRS can be made by April 15, June 15, September 15, and January 15, 2027.

Meanwhile, a range of changes in individual tax rates and breaks could boost household war chests in early 2026 through a combination of larger refunds during the filing season and larger take-home income as paycheck withholding levels are reset to account for the changes.

The law makes permanent the lower individual and business income tax rates in Trump's 2017 Tax Cuts and Jobs Act that were due to expire at the end of the year. It also extends the standard deduction in that law and extends and expands the alternative minimum tax exemption and raises the estate tax exemption from $14 million to $15 million.

Exempts taxes on up to $25,000 in tipped income until 2029. This tax break phases out for people who earn more than $150,000 and does not apply to all tips - for example, automatic service charges applied to large groups at restaurants are excluded, as are tips received for "pornographic activity."

Exempts taxes on up to $12,500 in overtime pay until 2029. Like the tipped income break, this phases out for people who earn more than $150,000. Creates a new deduction of up to $6,000 for people age 65 and older until 2029.

Creates a tax break for up to $10,000 in interest payments on auto loans until 2029. This only applies to personal vehicles assembled in the United States.

Expands the deduction for state and local tax (SALT) payments from $10,000 to $40,000 until 2029. This tends to benefit affluent homeowners in high-tax states like New York and New Jersey.