Building a Business That Works For You

Tax Day Countdown

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2025 Important Dates and Numbers

Here are the relevant deadlines as they relate to filings in 2025 as well as contribution limits for popular retirement plans

January

January 15, 2025: Deadline for 2024 4th quarter estimated tax payments.

February

February 10, 2025: Deadline to submit information for S-Corporations and Partnerships for on time filing.

March

March 7, 2025: Deadline to submit your tax information to Kenny & Kenny CPA for on time filing.

March 17, 2025: S-Corporation and Partnership tax return deadline.

April

April 15, 2025: Individual, trust, and C-Corporation tax return deadline and 2025 Q1 estimated tax payment deadline.

*All 2024 taxes must be paid by this date even if you file an extension. Penalties & interest will be assessed for income tax payments made after this date.

May

May 15, 2025: Non-profit tax return deadline.

June

June 16, 2025: Non-resident tax return deadline and 2025 Q2 estimated tax payment deadline.

When is Tax Day?

April 15, 2025

Note that if you file for an extension, your new filing deadline is October 15, 2025 however your tax obligation is still due on April 15, 2025

IRA Contributions

 

If you are under 50 - $7,000

If you are over 50 -  $8,000

401(k) Contributions

 

If you are under 50 - $23,500

If you are over 50  -   $31,000

RMDs

 

If you are under 72 -

If you are over  72 - 

This information is provided for convenience purposes. As always please go to irs.gov for the most current guidelines.

Let's Talk!

Let's see if Kenny & Kenny is a good fit for your business

Kenny & Kenny P.C.

  1400 W. 47th Street, Suite 4 LaGrange, IL 60525

   708-386-0600         FAX: 708-639-4438

  [email protected]