November 2024 tax and compliance deadlines

When you think of November, what comes to mind? Falling leaves, cooler temps, and lots of holiday family time, most likely. Along the way, don’t forget about these important deadlines, and be sure to pass this list to your clients.

In November, it is recommended that you:

• Remind individual clients whose withholding status will change in 2024 to submit new W-4 forms to their employers.
• Remind individual clients who may have underpaid estimated taxes to increase withholding from salary and wages to make up for a shortfall.
• Renew your PTIN.
• Register online to use IRS e-services. Preparers who anticipate filing 11 or more 1040, 1040A, 1040EZ, and 1041 returns during the year must file electronically.
• Set up tax preparation software and test e-filing. Download IRS e-file logo and order IRS e-file marketing materials. See the EFTPS Toolkit.

Key Compliance Dates

During November: Income tax withholding: Encourage employees to fill out a new Form W-4, Employee’s Withholding Certificate, or Form W-4 (Spanish), Certificado de Retenciones del Empleado, if they experienced any personal or financial changes. Asegúrese de consultar nuestros artículos de Tax Pro Center en español.

Friday, Nov. 1—Semiweekly depositors deposit FICA and withheld income tax on wages paid on October 26-29.

Wednesday, Nov. 6—Semiweekly depositors deposit FICA and withheld income tax on wages paid on October 30-Nov. 1.

Friday, Nov. 8—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 2-5.

Monday, Nov. 11:

• Tipped employees who received $20 or more in tips during October report them to the employer on Form 4070, Employee’s Report of Tips to Employer.
• Social Security, Medicare, and withheld income tax: File Form 941, Employer’s Quarterly Federal Tax Return, for the third quarter of 2024.
• File Form 941 for the third quarter of 2024 if tax for the quarter was deposited in full and on time.

Thursday, Nov. 14—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 6-8.

Friday, Nov. 15:

• Social Security, Medicare, and withheld income tax: If the monthly deposit rule applies, deposit the tax for payments made in October.
• Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 9-12.
• Monthly depositors deposit FICA and withheld income tax for October.

Wednesday, Nov. 20—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 13-15.

Friday, Nov. 22—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 16-19.

Wednesday, Nov. 27—Semiweekly depositors deposit FICA and withheld income tax on wages paid on Nov. 20-22.

Intuit® Accountant Resources

• The November 2024 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
• Key Tax Facts for 2024