The first filing deadline has come and gone. But if you got an extension, mark Oct. 15 on your calendar. Until then, stick around. We'll help you finally finish your 1040 and keep an eye on the other tax dates below.May 5: ¡Feliz Cinco de Mayo!
It's time to not only celebrate this Mexican holiday, but to also make some smart post-filing tax moves. Here are five easy ones to consider on this fifth day of the fifth month:
1) Adjust your withholding.
2) Contribute to your IRA.
3) Clean out your closets and give unwanted items to charity.
4) Rebalance your portfolio.
5) Set up your 2008 tax record keeping system.
May 9: The refund and rebate watch is on! When you get your check or checks from the IRS, consider contributing some to your IRA or paying down the credit card that has the highest interest rate.
May 12: Does your job include
tips? If so and you received $20 in tips in April, use
Form 4070 to report them today to your employer.
May 21: As soon as Spring's warm weather arrived, most homeowners began work on their properties. Keep track of your projects because they might boost your home's basis. A larger basis could help reduce any potential tax bill when you sell.
May 26: If you're on the road as
the Memorial Day holiday kicks off Summer, be on the lookout for bargain gasoline. State and local
fuel excise taxes can really ramp up pump prices. Maybe it's time to consider a gas and tax saving
hybrid.
May Small Business Tax Calendar: Key
filing, deposit and record keeping dates your company needs to know.
Items range from the King of Cash's warning about an annoying (and costly) e-banking change at Bank of America to fivecentnickel's look at the save for retirement or kid's college quandary to the Coin Jar's one question you should ask yourself before making any expenditure.
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