January 1st: First day to contribute to a Traditional IRA, Roth IRA and Simplified Employee Pension Plans (SEP) for the new year.

January 15th: Due date for Q4 (final payment) of estimated quarterly tax payments for the previous year. This normally applies if you’re self-employed or expect to underpay taxes based on your income, capital gains or Roth conversion

January 27th: The Internal Revenue Service starts accepting and processing 2024 e-file returns.

March 17th: Last day to apply for any tax filing extension for S corporations amd Partnership Returns.

March 31st: Last day to submit claims for eligible medical expenses from the previous year for many flexible spending account (FSA) plans with a use-it-or-lose-it rollover rule.

April 1st: Final day to withdraw your First RMD (Required Minimum Distribution), without penalty. This would apply if you turned age 73 any time during last calendar year. This is also known as your RBD (Required Beginning Date).

April 15th: Last day to file income taxes for most U.S. residents. Florida residents have an automatic extension until May 1st due to the hurricanes of 2024.

April 15th: Last day to apply for an extension for personal returns, sole proprietors & C corporations.

April 15th: Last day to make IRA or Health Savings Account (HSA) contributions for the previous year. Does not apply to company plans

April 15th: Due date for Q1 estimated quarterly tax payments for the previous year. This normally applies if you’re self-employed or expect to underpay taxes based on your income, capital gains or Roth conversions.

April 15th: Last day to open and/or contribute to a SEP (Simplified Employer Plan) for self-employed and business owners.

April 15th: Last day to correct 2024 excess deferrals (contributions) to a 401(k) plan.

May 1st: Last day to file 2024 income taxes for Florida residents due to the impact of several hurricanes in 2024.

May 31st: Deadline for custodians & insurance companies to mail out Form 5498 showing any contributions (including deposits or transfers) in retirement accounts, Roth conversions, or recharacterizations made between January 1, 2024 and April 15, 2025. This form is NOT needed to file your taxes.

June 15th: Due date for Q2 estimated quarterly tax payments for the previous year. This normally applies if you’re self-employed or expect to underpay taxes based on your income, capital gains or Roth conversion.

June 30th: Last day to submit college FAFSA (Free Application for Student Aid) for 2024-2025 school year.

September 16th:Due date for Q3 estimated quarterly tax payments for the previous year. This normally applies if you’re self-employed or expect to underpay taxes based on your income, capital gains or Roth conversion.

September 30th: Last day to officially determine beneficiaries after an IRA owner’s death in the previous year.

Between October 1st and November 1st: Most employers announce the upcoming open enrollment period to choose your workplace benefits for the next year.

October 1st: Last day to open a NEW SIMPLE IRA (employer plan) for the current year.

October 15th: Medicare open enrollment begins. This is the time to change your Part D (Drug Plan), Medicare Advantage Plan, or move between a Medicare Supplement Plan and Medicare Advantage Plan.

October 15th: Last day to file income taxes if extension was filed.

October 15th: Last day to open and/or contribute to a SEP (Simplified Employer Plan) for self-employed and business owners.

October 15th: Last day to recharacterize an IRA or Roth IRA contribution, but not a Roth conversion.

November 1st: Affordable Care Act healthcare open enrollment begins.

December 7th: Medicare Open Enrollment ends.

December 15th: Affordable Care Act healthcare open enrollment ends.

December 31st: Last day to set up most types of retirement accounts, including IRAs, Roth IRAs, and Solo 401ks, so contributions count for the current year.

December 31st: Last day to liquidate the entire value of inherited IRAs that fall under either a 5 or 10 year rule.

December 31st: Last day for 401(k) contributions, Roth conversions, itemized deductions and gifts to count for the current tax year. Retirement plan contributions will likely need to be setup ahead of time to come out of your final paycheck.

December 31st: Last day to avoid a penalty to take a deceased owner’s prior year RMD (if not taken by deceased before they passed way). It can be taken by ANY of the named beneficiaries and does not have to be split evenly. This applies to a death that occurred in the previous year.