
The Internal Revenue Service (IRS) has released new guidance for May 2025. Several important tax deadlines are approaching that could affect millions of Americans. Missing these deadlines could result in penalties, interest charges, or delayed refunds.
Here’s everything taxpayers need to know.
Upcoming IRS deadlines for May 2025
The IRS confirmed several critical due dates that taxpayers must keep in mind:
- May 15: Deadline for nonprofit organizations to file Form 990 series returns.
- May 17: Final day for businesses to submit payroll tax deposits for the April reporting period.
- May 31: Deadline for employers to file Form 941 for the second quarter.
Failing to meet these deadlines could trigger fines or additional tax assessments.
Taxpayers urged to use IRS online tools
The IRS is encouraging individuals and businesses to use online portals to avoid delays. The IRS Direct Pay, IRS2Go App, and Online Account Access allow taxpayers to:
- View and pay balances.
- Check refund status.
- Update personal information.
- Securely upload supporting documents.
Officials also remind taxpayers to ensure that their bank information is up to date to prevent refund delays.
How to avoid IRS penalties in 2025
To help taxpayers stay compliant, the IRS recommends:
- Setting electronic reminders for filing and payment dates.
- Using certified mail if submitting forms by paper.
- Reviewing IRS notices immediately upon receipt.
Taxpayers facing hardships can request payment plans or penalty relief using IRS Form 843.
IRS warns about tax scams in May
The IRS is also warning Americans about an uptick in phishing scams tied to tax refunds and stimulus payments. Taxpayers should watch for:
- Emails claiming to be from “IRS Refund Services.”
- Phone calls demanding immediate payment by gift card or wire transfer.
- Text messages with suspicious links requesting personal information.
The IRS will never contact taxpayers via email, text, or social media about tax bills.
Anyone targeted should report the incident to [email protected] immediately.
Key takeaways for May 2025
- May 15, 17, and 31 are crucial IRS deadlines.
- Nonprofits, businesses, and individuals must act to avoid penalties.
- Use official IRS portals to file, pay, and update information.
- Stay alert to protect yourself from scams.
For more updates, visit IRS.gov.