Major Employment Tax Deadlines in 2021

Handling employment taxes can be complicated, especially when you’re required to file important tax documents throughout the year. Here’s a list of key forms and deadline dates to help keep you on track.

  • January 15, 2021

    • 4th Quarter 2020 Estimated Tax Payment Due: If you are self-employed or have other fourth-quarter income that requires you to pay quarterly estimated taxes, get them postmarked by January 15, 2020 tax deadline.

  • April 15, 2021

    • Individual Tax Returns Due for Tax Year 2020: If you haven’t applied for an extension, e-file or postmark your individual tax returns by midnight April 15, 2021.
    • Individual Tax Return Extension Form Due for Tax Year 2020: Need more time to prepare your tax return? File your request for a tax extension by April 17 to push your tax deadline back to October 15, 2021.
    • 1st Quarter 2021 Estimated Tax Payment Due: If you are self-employed or have other first-quarter income that requires you to pay quarterly estimated taxes, get your Form 1040-ES postmarked by April 15, 2021 tax deadline.
    • Last Day to make a 2020 IRA Contribution: If you haven’t already funded your retirement account for 2020, do so by April 15, 2021. That’s the deadline for a contribution to a traditional IRA, deductible or not, and a Roth IRA. However, if you have a Keogh or SEP and you get a filing extension to October 15, 2021, you can wait until then to put 2020 money into those accounts.

  • June 15, 2021

    • 2nd Quarter 2021 Estimated Tax Payment Due: If you are self-employed or have other second-quarter income that requires you to pay quarterly estimated taxes, make sure your payment is postmarked by June 15, 2021 tax deadline

  • September 15, 2021

    • 3rd Quarter 2021 Estimated Tax Payment Due: If you are self-employed or have other third-quarter income that requires you to pay quarterly estimated taxes, make sure your third quarter payment is postmarked by Sept. 15, 2021 tax deadline.

  • October 15, 2021

    • Extended Individual Tax Returns Due: If you got a filing extension on your 2020 tax return, you need to get it completed and postmarked by October 15, 2021.

  • January 15, 2022

    • 4th Quarter 2021 Estimated Tax Payment Due: If you are self-employed or have other fourth-quarter income that requires you to pay quarterly estimated taxes, get them postmarked by January 15, 2022 tax deadline.

Get Expert Tax Advice

There’s a lot to think about when it comes to tax planning. That’s why it often makes sense to talk to a tax professional who can evaluate your situation and help you determine if any year-end moves make sense for you.

Contact Lake Stevens Tax Service or call us at (425) 334-8138 with any questions about these important tax tips that you can use now to save money!

Juston Masuda, CPA | Lake Stevens Tax Service