July 2024 tax and compliance deadlines

Stars and stripes, bunting on the garden gazebo, and a band playing patriotic tunes. Welcome to your list of tax and compliance deadlines for July 2024. While you’re celebrating our nation’s birthday, don’t forget about these important tax deadlines in July, and be sure to pass this list along to your clients.

In July, it is recommended that you:

• Alert clients to 2024 mid-year tax planning opportunities.
• Schedule Continuing Professional Education for 2024.

Key Compliance Dates

Wednesday, July 3—Semiweekly depositors deposit FICA and withheld income tax on wages paid on June 26–28.

Monday, July 8:

• Semiweekly depositors deposit FICA and withheld income tax on wages paid on June 29–30.
• Semiweekly depositors deposit FICA and withheld income tax on wages paid on July 1–2.

Wednesday, July 10:

• Semiweekly depositors deposit FICA and withheld income tax on wages paid on July 3–5.
• Tipped employees who received $20 or more in tips during June report them to the employer on Form 4070, Employee’s Report of Tips to Employer.

Friday, July 12—Semiweekly depositors deposit FICA and withheld income tax on wages paid on July 6–9.

Monday, July 15—Monthly depositors deposit FICA and withheld income tax for June.

Wednesday, July 17—Semiweekly depositors deposit FICA and withheld income tax for July 10–12.

Friday, July 19:

• Semiweekly depositors deposit FICA and withheld income tax on wages paid on July 13–16.
• Social Security, Medicare, and withheld income tax: If the monthly deposit rule applies, deposit the tax for payments made in June.

Wednesday, July 24—Semiweekly depositors deposit FICA and withheld income tax on wages paid on July 17–19.

Friday, July 26—Semiweekly depositors deposit FICA and withheld income tax on wages paid on July 20–23.

Wednesday, July 31:

• Semiweekly depositors deposit FICA and withheld income tax on wages paid on July 24–26.
• File Form 941, Employer’s Quarterly Federal Tax Return, for the second quarter of 2024 (if tax deposited in full and on time, file by July 27–30).
• Deposit FUTA tax owed through June if more than $500.
• File 2023 Form 5500 or 5500-EZ for calendar-year retirement and benefit plans.

Intuit® Accountant Resources

• The July 2024 calendar with filing deadlines and reminders for you and your clients.
• Intuit Tax Guide 2024
• Tax law changes for tax year 2023
• IRS annual inflation adjustments for tax years 2023 and 2024
• Key Tax Facts for 2024
• Key Tax Facts for 2023-24