Trusted Tax Advice Services in Bonney Lake, WA and Nationwide
Expert Tax Planning and Advice Services for Bonney Lake and Beyond
At BAM Bookkeeping, we want to be as helpful as possible. We have provided all you need to track your federal and state tax returns as well as the monthly tax due dates. If you file a paper return, the IRS typically issues your refund check within six to eight weeks. Opting for direct deposit usually results in receiving your refund within a week. If you e-file, expect your refund to be issued in approximately two to three weeks.
Track Your Federal Refund - Click Here
You can track your federal tax refund using the link provided above.
Check Your State Refund with the list below.
https://myalabamataxes.alabama.gov/_/#1
https://www.aztaxes.gov/Home/Page
https://www.ftb.ca.gov/refund/index.asp?WT.mc_id=akRefund
https://www.colorado.gov/revenueonline/_/
https://portal.ct.gov/drs/cwp/view.asp?a=1462&q=266274&drsPNavCtr=|40959|#40963
https://govconnect.iowa.gov/TAP/_/
https://www.kdor.ks.gov/apps/kcsc/increfundstatus.aspx
https://latap.revenue.louisiana.gov/_/
https://www.maine.gov/revenue/
https://www.marylandtaxes.gov/individual/tax-assistance/refund.php
https://mtc.dor.state.ma.us/mtc/_/
https://www.michigan.gov/taxes/iit/refund
https://www.mndor.state.mn.us/tp/OnlineServices/_/
https://dor.mo.gov/taxation/return-status/
https://ndr-refundstatus.ne.gov/refundstatus/public/search.faces
https://www.nj.gov/treasury/taxation/checkrefundstatus.shtml
https://tap.state.nm.us/tap/_/#1
https://www8.tax.ny.gov/PRIS/prisStart
https://eservices.dor.nc.gov/wheresmyrefund/SelectionServlet
https://apps.nd.gov/tax/tap/_/
https://www.tax.state.oh.us/IFILE/WheresMyRefundWeb/wheresmyrefund.jsp
https://www.oregon.gov/DOR/programs/individuals/Pages/default.aspx
https://www.ri.gov/taxation/refund/
https://tap.tax.utah.gov/TaxExpress/_/#2
https://www.individual.tax.virginia.gov/IOP/#/refund
https://mytaxes.wvtax.gov/_/#1
Check Your Tax Due Dates Below
May 2024
May 10
Individuals - Report April tip income of $20 or more to employers (Form 4070).
May 10
Employers - Report Social Security and Medicare taxes and income tax withholding for first quarter 2024 (Form 941) if all associated taxes due were deposited on time and in full.
May 15
Employers - Deposit Social Security, Medicare and withheld income taxes for April if the monthly deposit rule applies.
May 15
Employers - Deposit nonpayroll withheld income tax for April if the monthly deposit rule applies.
May 15
Calendar-year exempt organizations - File a 2023 information return (Form 990, Form 990-EZ or Form 990-PF) or file for an automatic six-month extension (Form 8868). Pay any tax due.
May 15
Calendar-year small exempt organizations (with gross receipts normally of $50,000 or less - File a 2023 e-Postcard (Form 990-N) if not filing Form 990 or Form 990-EZ.
June 2024
June 10
Individuals - Report May tip income of $20 or more to employers (Form 4070).
June 17
Individuals - File a 2023 individual income tax return (Form 1040 or Form 1040-SR) or file for a four-month extension (Form 4868) if you live outside the United States and Puerto Rico or you serve in the military outside those two locations. Pay any tax, interest and penalties due.
June 17
Individuals - Pay the second installment of 2024 estimated taxes (Form 1040-ES) if not paying income tax through withholding or not paying sufficient income tax through withholding.
June 17
Calendar-year corporations - Pay the second installment of 2024 estimated income taxes, completing Form 1120-W for the corporation’s records.
June 17
Employers - Deposit Social Security, Medicare and withheld income taxes for May if the monthly deposit rule applies.
June 17
Employers - Deposit nonpayroll withheld income tax for May if the monthly deposit rule applies.
July 2024
July 10
Individuals - Report June tip income of $20 or more to employers (Form 4070).
July 15
Employers - Deposit nonpayroll withheld income tax for June if the monthly deposit rule applies.
July 31
Employers - Report Social Security and Medicare taxes and income tax withholding for second quarter 2024 (Form 941) and pay any tax due if all of the associated taxes due weren’t deposited on time and in full.
July 31
Employers - File a 2023 calendar-year retirement plan report (Form 5500 or Form 5500-EZ) or request an extension.
August 2024
August 12
Individuals - Report July tip income of $20 or more to employers (Form 4070).
August 12
Employers - Report Social Security and Medicare taxes and income tax withholding for second quarter 2024 (Form 941), if all associated taxes due were deposited on time and in full.
August 15
Employers - Deposit Social Security, Medicare and withheld income taxes for July if the monthly deposit rule applies.
August 15
Employers - Deposit nonpayroll withheld income tax for July if the monthly deposit rule applies.
September 2024
September 10
Individuals - Report August tip income of $20 or more to employers (Form 4070).
September 16
Individuals - Pay the third installment of 2024 estimated taxes (Form 1040-ES), if not paying income tax through withholding or not paying sufficient income tax through withholding.
September 16
Calendar-year corporations - Pay the third installment of 2024 estimated income taxes, completing Form 1120-W for the corporation’s records.
September 16
Calendar-year S corporations - File a 2023 income tax return (Form 1120-S) and provide each shareholder with a copy of Schedule K-1 (Form 1120S) or a substitute Schedule K-1 if an automatic six-month extension was filed. Pay any tax, interest and penalties due.
September 16
Calendar-year partnerships - File a 2023 income tax return (Form 1065 or Form 1065-B) and provide each partner with a copy of Schedule K1 (Form 1065) or a substitute Schedule K1 if an automatic six-month extension was filed.
September 16
Employers - Deposit Social Security, Medicare and withheld income taxes for August if the monthly deposit rule applies.
September 16
Employers - Deposit nonpayroll withheld income tax for August if the monthly deposit rule applies.
September 16
Calendar-year trusts and estates - File a 2023 income tax return (Form 1041) if an automatic five-and-a-half-month extension was filed. Pay any tax, interest and penalties due.
October 2024
October 10
Individuals - Report September tip income of $20 or more to employers (Form 4070).
October 15
Individuals - File a 2023 income tax return (Form 1040 or Form 1040-SR) if an automatic six-month extension was filed (or if an automatic four-month extension was filed by a taxpayer living outside the United States and Puerto Rico). Pay any tax, interest and penalties due.
October 15
Individuals - Make contributions for 2023 to certain existing retirement plans or establish and contribute to a SEP for 2023 if an automatic six-month extension was filed
October 15
Individuals - File a 2023 gift tax return (Form 709) and pay any tax, interest and penalties due if an automatic six-month extension was filed.
October 15
Calendar-year bankruptcy estates - File a 2023 income tax return (Form 1041) if an automatic six-month extension was filed. Pay any tax, interest and penalties due.
October 15
Calendar-year C corporations - File a 2023 income tax return (Form 1120) if an automatic six-month extension was filed. Pay any tax, interest and penalties due.
October 15
Calendar-year C corporations - Make contributions for 2023 to certain employer-sponsored retirement plans if an automatic six-month extension was filed.
October 15
Employers - Deposit Social Security, Medicare and withheld income taxes for September if the monthly deposit rule applies.
October 15
Employers - Deposit nonpayroll withheld income tax for September if the monthly deposit rule applies.
October 15
Employers - Report Social Security and Medicare taxes and income tax withholding for third quarter 2024 (Form 941) and pay any tax due if all of the associated taxes due weren’t deposited on time and in full.
November 2024
November 12
Individuals - Report October tip income of $20 or more to employers (Form 4070).
November 12
Employers - Report Social Security and Medicare taxes and income tax withholding for third quarter 2024 (Form 941) if all of the associated taxes due were deposited on time and in full.
November 15
Employers - Deposit Social Security, Medicare and withheld income taxes for October if the monthly deposit rule applies.
November 15
Employers - Deposit nonpayroll withheld income tax for October if the monthly deposit rule applies.
November 15
Calendar-year exempt organizations - File a 2023 information return (Form 990, Form 990-EZ or Form 990-PF) if a six-month extension was filed. Pay any tax, interest and penalties due.
December 2024
December 10
Individuals - Report November tip income of $20 or more to employers (Form 4070).
December 16
Individuals - Pay the third installment of 2024 estimated taxes (Form 1040-ES), if not paying income tax through withholding or not paying sufficient income tax through withholding.
December 16
Employers - Deposit Social Security, Medicare and withheld income taxes for November if the monthly deposit rule applies.
December 16
Employers - Deposit nonpayroll withheld income tax for November if the monthly deposit rule applies.
Tax Rates (previous years): Click here
| 2024 Tax Rates - Single Taxpayers - Standard Deduction $14,600 | |
|---|---|
| 10% | $0 to $11,000 |
| 12% | $11,600 to $47,150 |
| 22% | $47,150 to $100,525 |
| 24% | $100,525 to $191,950 |
| 32% | $191,950 to $243,725 |
| 35% | $243,725 to $609,350 |
| 37% | Over $609,350 |
| 2024 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $29,200 | |
|---|---|
| 10% | 0 to $23,200 |
| 12% | $23,201 to $94,300 |
| 22% | $94,301 to $201,050 |
| 24% | $201,051 to $383,900 |
| 32% | $383,901 to $487,450 |
| 35% | $487,451 to $731,200 |
| 37% | Over $731,200 |
| 2024 Tax Rates - Married Filing Separately - Standard Deduction $14,600 | |
|---|---|
| 10% | 0 to $11,600 |
| 12% | $11,600 to $47,150 |
| 22% | $47,150 to $100,525 |
| 24% | $100,525 to $191,950 |
| 32% | $191,950 to $243,725 |
| 35% | $243,725 to $365,600 |
| 37% | Over $365,600 |
| 2024 Tax Rates - Head of Household - Standard Deduction $21,900 | |
|---|---|
| 10% | 0 to $16,550 |
| 12% | $16,550 to $63,100 |
| 22% | $63,100 to $100,500 |
| 24% | $100,500 to $191,950 |
| 32% | $191,950 to $243,725 |
| 35% | $243,725 to $609,350 |
| 37% | Over $609,350 |
| 2024 Tax Rates - Estates & Trusts | |
|---|---|
| 10% | 0 to $3,100 |
| 24% | $3,100 to $11,150 |
| 35% | $11,150 to $15,200 |
| 37% | Over $15,200 |
| Social Security | 2024 Tax Rates |
|---|---|
| Social Security Tax Rate: Employers | 6.2% |
| Social Security Tax Rate: Employees | 6.2% |
| Social Security Tax Rate: Self-Employed | 15.3% |
| Maximum earnings subject to Social Security tax | $168,600 |
| Maximum earnings subject to Medicare tax | Unlimited |
| Medicare Tax Rate: Employers | 1.45% |
| Medicare Tax Rate: Employees | 1.45% |
| Medicare tax rate: Self-employed | 2.9% |
| Additional Medicare tax on FICA wages and self-employment income above $200,000 (single filers) or $250,000 (joint filers) | 0.9% |
| Net investment income tax on taxpayers with modified adjusted grossincome (MAGI) exceeding $200,000 (single filers) or $250,000 (jointfilers) | 3.8% |
| Miscellaneous | 2024 Tax Rates |
|---|---|
| Business Section 179 expensing limit | $1,220,000 |
| Business Section 179 phaseout threshold | $3,050,000 |
| First-year bonus depreciation rate | 60% |
| Income threshold after which the Section 199A (qualified business income) deduction for pass-through entities may begin to phase out | $191,950 (single and head of household); $383,900 (married filing jointly) |
| Qualified small-employer Health Reimbursement Arrangement limit | $6,150 (single coverage); $12,450 (family coverage) |
| Prior-year safe harbor for estimated taxes of higher-income taxpayers driving | 110% of 2023 tax liability |
| Standard mileage rate for business driving | 67 cents |
| Standard mileage rate for medical driving | 21 cents |
| Standard mileage rate for moving driving (only members of the Armed Forces on active duty who move because of a permanent change of station) | 21 cents |
| Standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit (per child under age 17 at the end of the tax year) | $2,000 |
| Unearned income maximum for children under 19 before kiddie tax applies | $1,300 |
| Maximum capital gains tax rate for taxpayers with income up to $47,025 for single filers, $ 94,050 for married filing jointly | 0% |
| Maximum capital gains tax rate for taxpayers with income $47,025 to $518,900 for single filers, $94,050 to $583,750 for married filing jointly | 15% |
| Maximum capital gains tax rate for taxpayers with income above $518,900 for single filers, $583,750 for married filing jointly | 20% |
| Maximum contribution for Traditional/Roth IRA | $6,500 if under age 50 |
| $7,500 if 50 or older | |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles | 28% |
| Maximum contribution for Traditional/Roth IRA | $7,000 if under age 50/$8,000 if 50 or older |
| Maximum employee contribution to SIMPLE IRA | $16,000 if under age 50/$19,500 if 50 or older |
| Maximum contribution to SEP IRA | 25% of eligible compensation up to $69,000 |
| Education | 2024 Tax Rates |
|---|---|
| American Opportunity Credit (per student) | $2,500 |
| Lifetime Learning Credit (per return) | $2,000 |
| Student Loan Interest Deduction (per return) | $2,500 |
| Coverdell Education Savings Account Contribution (per student) | $2,000 |
| Standard Meal Rates for Family Child Care Providers for income tax returns | 2024 Tax Rates |
|---|---|
| Continental U.S. | 2023-24 Tax Rates (July 1, 2023-June 30, 2024) |
| For each breakfast | $1.65 |
| For each lunch or supper | $3.12 |
| For each snack (up to 3 per day for each child) | $0.93 |
| Alaska | 2023-24 Tax Rates (July 1, 2023-June 30, 2024) |
| For each breakfast | $2.63 |
| For each lunch or supper | $5.05 |
| For each snack (up to 3 per day for each child) | $1.50 |
| Hawaii | 2023-24 Tax Rates (July 1, 2023-June 30, 2024) |
| For each breakfast | $2.12 |
| For each lunch or supper | $4.05 |
| For each snack (up to 3 per day for each child) | $1.20 |
| Source: Federal Register |
Record Retention Guide
Storing tax records: How long is long enough?
Federal law requires you to maintain copies of your tax returns and supporting documents for three years. This is called the "three-year law" and leads many people to believe they're safe provided they retain their documents for this period of time.
However, if the IRS believes you have significantly underreported your income (by 25 percent or more), or believes there may be indication of fraud, it may go back six years in an audit. To be safe, use the following guidelines.
Special Circumstances
Create a Backup Set of Records and Store Them Electronically. Keeping a backup set of records -- including, for example, bank statements, tax returns, insurance policies, etc. -- is easier than ever now that many financial institutions provide statements and documents electronically, and much financial information is available on the Internet.
Even if the original records are provided only on paper, they can be scanned and converted to a digital format. Once the documents are in electronic form, taxpayers can download them to a backup storage device, such as an external hard drive, or burn them onto a CD or DVD (don't forget to label it).
You might also consider online backup, which is the only way to ensure that data is fully protected. With online backup, files are stored in another region of the country, so that if a hurricane or other natural disaster occurs, documents remain safe.
Caution: Identity theft is a serious threat in today's world, and it is important to take every precaution to avoid it. After it is no longer necessary to retain your tax records, financial statements, or any other documents with your personal information, you should dispose of these records by shredding them and not disposing of them by merely throwing them away in the trash.
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