February 2025 tax and compliance deadlines

Welcome to your monthly article featuring important tax and compliance deadlines. Now that we are in busy season, it’s more important than ever to stay ahead of important deadlines, so be sure to review these and share them with your clients.

In February, it is recommended that you:

• Send reminders to individual clients who have not returned tax preparation packets or scheduled appointments.
• Review pros and cons of S corporation election with eligible corporate clients.
• Remind partnerships of March 15 return filing deadline.

Key Compliance Dates

Wednesday, Feb. 5—Semiweekly depositors deposit FICA and withheld income tax on wages paid on January 29-31.

Friday, Feb. 7—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Feb. 1-4.

Monday, Feb. 10:

• Employers file Form 941, Employer’s Quarterly Federal Tax Return, for the fourth quarter of 2024 if tax for the quarter was deposited in full and on time.
• Employers file Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return, for 2024 if tax for the year was deposited in full and on time.
• Tipped employees who received $20 or more in tips during January report them to the employer on Form 4070, Employee’s Report of Tips to Employer.

Wednesday, Feb. 12—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Feb. 5-7.

Friday, Feb. 14—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Feb. 8-11.

Monday, Feb. 17—Monthly depositors deposit FICA and withheld income tax for January.

Wednesday, Feb. 19—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Feb. 12-14.

Friday, Feb. 21—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Feb. 15-18.

Wednesday, Feb. 26—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Feb. 19-21.

Friday, Feb. 28—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Feb. 22-25.

Intuit® Accountant Resources

• The February 2025 calendar with filing deadlines and reminders for you and your clients.
• Intuit Tax Guide 2024
• IRS annual inflation adjustments for tax years 2023 and 2024
• IRS annual inflation adjustments for tax years 2024 and 2025
• Key Tax Facts for 2024