IMPORTANT TAX DATES – OTHER THAN APRIL 15TH!
For most Americans, the most important tax date to remember is April 15th. This is the deadline for filing your federal income tax return and paying any taxes owed. You also have to make IRA and HSA contributions for 2024 tax year by April 15th. However, there are a few other important dates to keep in mind:
March 15th: This is the deadline for filing income tax returns for S corporations and partnerships.
April 1st: This is the deadline for taking your first Required Minimum Distribution (RMD) from retirement accounts if you turned 73 in 2024. Note that this rule is a bit complex, so it's best to consult a professional about your RMD options.
May 15th: Tax-exempt organizations have to file their annual returns (Form 990 series) by this date.
Self Employeed? Don’t forget quarterly payments: The 2025 quarterly estimated tax deadlines are: April 15th (first quarter), June 16th (second quarter), September 15th (third quarter), and Jan 15th, 2026 (fourth quarter).
Oct. 15, 2025: Extended deadline for individuals to file your 2024 income tax return if you requested a tax extension.
MAKING YOUR TAX BRACKET WORK
Have you explored all your options when it comes to managing your taxable income?
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THE MONTH IN BRIEF
U.S. Markets
Stocks rallied in January on upbeat Q4 corporate reports and solid economic news that quieted talk of an inflationary comeback.
The Dow Jones Industrial Average led, tacking on 4.7 percent. The Standard & Poor’s 500 stock index picked up 2.7 percent while the Nasdaq Composite added 1.64 percent.1
1. WSJ.com, January 31, 2025
Advisory Services offered through Capital Analysts or Lincoln Investment, Registered Investment Advisers. Securities offered through Lincoln Investment, Broker/Dealer Member FINRA/SIPC. www.lincolninvestment.com M3 Investment Services and the above firms are independent and non-affiliated. Tax services claiming services are not offered through, nor supervised by, The Lincoln Investment Companies.
S&P 500 Index is an index of 500 of the largest exchange-traded stocks in the US from a broad range of industries whose collective performance mirrors the overall stock market. The Dow Jones Industrial Average is a widely watched index of 30 American stocks thought to represent the pulse of the American economy and markets. Investors cannot invest directly in an index. The NASDAQ is an index that tracks the cumulative results on a market capitalization basis of all stocks trading in the NASDAQ system. Investors cannot invest directly in an index. Past performance is no guarantee of future results. 2/25