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Tax Calendar

  • April 15 has come and gone, but millions now have until Oct. 15 to file their 2008 returns. And millions more have 2009 tax planning to do.
  • There are plenty of year-round tax dates to keep track of, as well as lots of tax-saving moves you can make between Jan. 1 and Dec. 31.
    Find them here each month.


    monthly tax moves
  • July 1: You're halfway through the year. Now's the perfect time to make some midyear tax moves that could cut your 2009 IRS bill. If your life has changed significantly since the beginning of the year, adjust your withholding to more accurately reflect your new life, and tax, situation. Just give your employer a new W-4.

    July 4: Happy Independence Day! Celebrate your independence from future tax hassles. Hire a tax professional now to help get your tax life in shape while there's still plenty of time to plan.

    July 10: Does your job include tips? If so and you received $20 in tips in June, use Form 4070 to report them today to your employer.

    July 17: Are your kids at day camp while you work? You might be able to use that expense to claim the child and dependent care credit to cover some of the costs.

    July 21: It's been summer for month. How's your air conditioner holding up? If you need a new one, make sure it's energy efficient; that way on your 2009 tax return you can claim a tax credit for 30 percent of the cost, up to $1,500. Other energy-saving home improvements also qualify. Get the details at EnergyStar.gov.

    July 31: If you kids are older and working summer jobs, make sure they understand their tax responsibilities. You also can help your youngster get a nest egg head start by helping him or her open a Roth IRA with some of those summer earnings.

    Small Business Tax Calendar -- July: Important filing, deposit and record keeping dates your company needs to know.

Carnival of Taxes

  • Where we party like
    it's 1040 ... Form 1040!


  • Check out the latest
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    #55: Tax Fireworks


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    and then send
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  • Catch up on prevous
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Tax Terms

  • Earned income -- It's just like it sounds: Compensation you receive from work, including wages, salaries, commissions, tips and self-employment endeavors. Learn more...
  • Unearned income -- Money that is not gained by work or delivery of a service or product. It's most well-known source is from investments. Learn more...
  • Tax rates/brackets -- The U.S. tax system is a progressive one, in which the greater the earnings, the higher the tax rate. Learn more...
  • See these and other tax terms
    in the perpetually updated
    Tax Glossary.

Cool tax quotes

  • The income tax has made
    more liars out of the American people than golf has.

    -- Will Rogers, humorist
  • I'm proud to pay taxes in the United States; the only thing is,
    I could be just as proud for half the money.
    -- Arthur Godfrey, comedian
  • Intaxication: Euphoria at getting a refund from the IRS, which lasts until you realize it was your money to start with. -- Author unknown, from a Washington Post word contest
  • "Internal Revenue Service: The world's most successful mail order business.” -- Bob Goddard, writer
  • "If you are truly serious about preparing your child for the future, don't teach him to subtract. Teach him to deduct." -- Fran Lebowitz, writer
  • "The United States has a system of taxation by confession." -- Hugo Black, Supreme Court Justice

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    The content on Don't Mess With Taxes is my personal opinion based on my study and understanding of tax laws, policies and regulations. It’s provided for your private, noncommercial, educational and informational purposes only. It’s not a recommendation or endorsement of any company or product. I strongly suggest that when it comes to filing your taxes, you get additional, professional, paid-for guidance from your accountant and other financial advisers who are familiar with your individual circumstances. In other words, don't blame me!

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« Ho, Ho, Hand over your taxes | Main | Last-minute gift ideas »

Friday, December 23, 2005

Miles and miles of Texas … and taxes

Just a few weeks ago here on the ol’ blog, I bemoaned the fact that I had only been able to see Ray Benson, lead singer of Asleep at the Wheel, on video at an exhibit at the Bob Bullock Texas State History Museum here in Austin.

Well, that has changed! On Dec. 16 we moseyed on out to the Broken Spoke to chow down on some chicken fried steak (billed as “the best in Texas and that means the world to us”) and listen to the best in Texas swing music.

The Broken Spoke is a local -- hell, it’s a national -- landmark that’s been showcasing some of the greatest music acts since its doors opened back in 1964. Billed as the last true dance hall in Texas, the venue lives up to the name. The unassuming building on Lamar in South Austin has a small dining area at the front of the property. But savory aromas notwithstanding, the heart of the place is the dance floor out back. It’s bounded by tables on two sides, a stage at one end and a bar at the other because you gotta have a Shiner Bock handy after moving to the tunes.

Benson and crew took the stage at 10 p.m. and with only a brief break about an hour and a half into the evening, continued swinging the packed house until after 1 a.m. Actually, to be more accurate, the band took the stage while the towering Benson had his own personal spot: a special step down from the stage to keep the top of his hat from brushing the famously low ceiling.

The music, as expected, was fabulous. The favorites were played: “Miles and Miles of Texas,” “San Antonio Rose,” “Route 66,” “Choo Choo Ch’Boogie.” Steel guitarist Eddie Rivers channeled Elvis with a great rendition of “Blue Christmas.” But the high point for us was a jam session in which band members each got a moment in the spotlight, including Benson, who cut loose with some mean guitar licks.

Benson even invited two young Austin fiddlers to come up on stage and join the band for a few songs. It was great watching these kids (I’m old enough now that I can get away with referring to anyone who’s not within 10 years of me as “kid”) drink in the spotlight and study the technique of Jason Roberts.

Meanwhile, the dance floor was rockin’. While the husband and I love music (our CD collection is soon going to need a room of its own), we’re not really dancers. We more enjoy listening to the music, singing along (I do, at any rate), snapping fingers and clapping to the beat and picking up on nuances that you can’t catch if you’re scootin’ boots. Plus, it’s great fun to watch people who love to dance do so.

The dance floor at the Broken Spoke isn’t large, but that didn’t deter the crowd. Some couples would take top prize on TV’s Dancing with the Stars without the need for a J. Peterman/John O'Hurley dance-off. Others sometimes lost the beat but kept on moving nonetheless. But all were having a great time and no one seemed bothered by the occasional bump from another couple.

By the time Benson belted “Ain’t Nobody Here But Us Chickens,” we pretty much were all played out.

I don’t know how musicians do it, traveling all the time and all over the place. A look at Asleep at the Wheel’s tour schedule sums it up: “We’re bringing it to you! Miles and miles and miles and miles….” They’ve got dates already booked into next October, going literally from coast to coast.

The only saving grace, aside from the fact that they get to earn a living doing something they are great at and so obviously love, is that the travel is a business expense and therefore deductible. Those miles and miles of Texas (and Georgia and Virginia and California and …) can be deducted right now at 48.5 cents a mile.

That rate took effect Sept. 1, when the IRS decided that rising gasoline prices meant folks who had to drive to do their business needed a break. Before then, for miles driven between Jan. 1 and Aug. 31, the deduction rate was 40.5 cents a mile. Unfortunately, because pump prices have abated somewhat, the business deduction rate will drop a bit in 2006 to 44.5 cents a mile.

If your job requires you to travel the highways and byways, even if it’s not as much as Asleep at the Wheel and their musical colleagues, be sure you take advantage of this deduction. It could help your drive down your tax bill a bit.

A final musical note: If you scroll down a bit, you’ll find a new list on the left side of the page of musicians we’ve seen since moving to the Live Music Capital of the World.

My husband argues that it’s a bit disingenuously long because most of the acts were at Willie’s Hurricane Katrina relief concert. I contend that we’ve only been here a few months, have been out quite a bit considering we aren’t even totally unpacked yet and I could have padded it more by listing every single performance from the Neighbors in Need show.

Plus, it’s my blog and I can put what I want in it!

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