DURHAM:
Westgate Plaza Office Park
3500 Westgate Drive, Suite 201
Durham, NC 27707
Phone: 919-416-8815
Fax: 919-797-0519
|
MEBANE:
204 W. Ruffin Street
Mebane, NC 27302
Phone: 919-304-2620
Fax: 919-304-3620 |
| customerservice@joewrenncpa.com |
|
 |
 |
| Accounting
and Tax Facts
- The 2025 mileage rate is now 70 cents per mile.
- The 2025 IRA contribution limits are $7,000 for most taxpayers and $8,000 for taxpayers 50 years old or older. Both limits are dependent upon income levels.
- Long-Term Capital Gains and Qualified Dividends tax rates are generally 15% for 2025 with some exceptions for low income and high income taxpayers.
|
|
Schedule of
Important Dates:
|
January 15, 2025
|
|
4th
Quarter 2024 Estimates |
| January 31, 2025 |
|
W-2 & 1099 due to recipient & IRS/SSA |
| January 31, 2025 |
|
Property Tax Listing or Extension |
| January 31, 2025 |
|
4th
Quarter 2024 Payroll Tax Reports |
| March 17, 2025 |
|
2024 PTR/LLC Tax Returns |
| March 17, 2025 |
|
2024 Corporate Tax Returns |
| April 15, 2025 |
|
2024 Individual Tax Returns |
| April 15, 2025 |
|
1st
Quarter 2025 Estimate |
| April 30, 2025 |
|
1st Quarter 2025 Payroll Tax Reports |
| June 16, 2025 |
|
2nd Quarter 2025 Estimate |
| July 31, 2025 |
|
2nd Quarter 2025 Payroll Tax Reports |
| September 15, 2025 |
|
3rd Quarter 2025 Estimate |
| September 15, 2025 |
|
2024 PTR/LLC Tax Returns with extension |
|
September 15, 2025 |
|
2024 S-Corp Tax Returns with extension |
|
October 15, 2025 |
|
2024 Individual Tax Returns with extension |
|
October 31, 2025 |
|
3rd Quarter 2025 Payroll Tax Reports |
|
January 15, 2026 |
|
4th
Quarter 2025 Estimates |
|
|