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Key Tax Deadlines for August 2025: Essential Dates to Remember

As we move into August 2025, it's crucial for individuals to stay informed about important tax deadlines. This month is notable for key reporting requirements and potential extensions due to specific circumstances. Staying informed can help you avoid costly penalties. Here's what you need to know about the August tax deadlines.

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August 11 - Report Tips to Employer

Employees who received over $20 in tips during July must report these amounts to their employers by August 11 using IRS Form 4070. Employers are responsible for withholding both FICA taxes and income tax withholdings from these tips. Should your regular wages be insufficient to cover the required withholdings, any uncollected amounts will be documented in Box 8 of your W-2 form. You will need to settle these unpaid withholdings when filing your annual return.Image 3

Weekends & Holidays Considerations:
If any tax deadline lands on a weekend or a recognized federal holiday, the due date is extended to the next business day. This extension is designed to accommodate any potential disruptions those days might cause in meeting commitments.

Disaster Area Extensions:

Occasionally, natural disasters can lead to extensions for tax deadlines in affected regions. These extensions are often granted once an area is officially designated as a disaster zone. For comprehensive details on current designations and related extensions, please consult these resources:
FEMA: https://www.fema.gov/disaster/declarations
IRS: https://www.irs.gov/newsroom/tax-relief-in-disaster-situations

Ensure you keep abreast of these deadlines and plan accordingly, particularly if you are handling complex financial situations such as preparing taxes for trusts or dealing with property sales. These timely adjustments can significantly affect your financial obligations and cash flow planning.

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