August brings several important tax deadlines for employees who receive tips and businesses responsible for payroll and nonpayroll withholding. Staying ahead of these dates can help prevent missed filings, late deposits and unexpected tax obligations. Below are the key federal tax deadlines to keep on your calendar for August 2026.
August 10 – Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during July, you are required to report them to your employer no later than August 10. You can use IRS Form 4070 or your own statement that includes your signature; name, address and Social Security number; employer’s name (or establishment’s name if different) and address; month or period the report covers, and total of tips received during that month or period.
Your employer is required to withhold FICA taxes and income tax withholding for these tips from your regular wages. If your regular wages are insufficient to cover the FICA and tax withholding, the employer will report the amount of the uncollected withholding in box 8 of your W-2 for the year. You will be required to pay the uncollected withholding when your return for the year is filed.
Weekends & Holidays:
If a due date falls on a Saturday, Sunday or legal holiday, the due date is automatically extended until the next business day that is not itself a legal holiday.
Disaster Area Extensions:
Please note that when a geographical area is designated as a disaster area, due dates will be extended. For more information whether an area has been designated a disaster area and the filing extension dates visit the following websites:
FEMA: https://www.fema.gov/disaster/declarations
IRS: https://www.irs.gov/newsroom/tax-relief-in-disaster-situations
August 2026 Business Due Dates
August 10 – Social Security, Medicare and Withheld Income Tax
File Form 941 for the second quarter of 2026. This due date applies only if you deposited the tax for the quarter in full and on time.
August 17 – Social Security, Medicare and Withheld Income Tax
If the monthly deposit rule applies, deposit the tax for payments in July.
August 17 – Nonpayroll Withholding
If the monthly deposit rule applies, deposit the tax for payments in July.
Weekends & Holidays:
If a due date falls on a Saturday, Sunday or legal holiday, the due date is automatically extended until the next business day that is not itself a legal holiday.
Disaster Area Extensions:
Please note that when a geographical area is designated as a disaster area, due dates will be extended. For more information whether an area has been designated a disaster area and the filing extension dates visit the following websites:
FEMA: https://www.fema.gov/disaster/declarations
IRS: https://www.irs.gov/newsroom/tax-relief-in-disaster-situations
Be sure to confirm the deadlines that apply to your specific situation and maintain complete records of all reports, filings and deposits. Contact your tax advisor with questions or for assistance meeting an upcoming obligation.
Editorial Note: This article incorporates content provided by CountingWorks Pro and was edited with support from AI tools, including ChatGPT.
