May 12 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips in April, you must report them to your employer using IRS Form 4070 by May 12. Your employer is required to deduct FICA and income tax withholding for these tips from your normal pay. If your regular wages are insufficient to pay FICA and tax withholding, your employer will record the uncollected withholding in box 8 of your annual W-2. When you file your annual return, you will be obligated to pay any uncollected withholdings.
Weekends & Holidays:
If a due date falls on a Saturday, Sunday, or legal holiday, the due date is automatically extended to the following business day that is not itself a legal holiday.
Disaster Area Extensions
Please keep in mind that when a geographic area is classified as a disaster area, deadlines will be extended. For further information on whether an area has been declared as a disaster area and the filing extension dates, please visit the following websites:
FEMA: https://www.fema.gov/disaster/declarations
IRS:
https://www.irs.gov/newsroom/tax-relief-in-disaster-situations
May 2025 Business Due Dates
May 12 - Social Security, Medicare and Withheld Income Tax
Fill out Form 941 for the first quarter of 2025. This deadline applies only if you deposited the tax for the quarter in whole and timely.
May 15 - Employer’s Monthly Deposit DueIf you are an employer and the monthly deposit regulations apply, you must deposit your Social Security, Medicare, and withheld income tax for April 2025 by May 15. This is also the deadline for the nonpayroll withholding deposit for April 2025, assuming the monthly deposit rule applies.
Weekends & Holidays:
If a due date falls on a Saturday, Sunday, or legal holiday, the due date is automatically extended to the following business day that is not itself a legal holiday.
Disaster Area Extensions
Please keep in mind that when a geographic area is classified as a disaster area, deadlines will be extended. For further information on whether an area has been declared as a disaster area and the filing extension dates, please visit the following websites:
FEMA:
https://www.fema.gov/disaster/declarations
IRS:https://www.irs.gov/newsroom/tax-relief-in-disaster-situations
