The Atlantic/Gulf of Mexico hurricane season starts today. The countdown clock below can help you keep track of how many days until the official storm season ends on Nov. 30.
Residents of Louisiana and Virginia last month got sales tax breaks on hurricane supplies
. But even if you pay full sales taxes, get ready ASAP. We've already had one storm this year before hurricane season even began.
Remember, too, that regardless of where you live, dangerous weather
can occur at any time. Check out the ol' blog's special Storm Warnings
page for more on getting ready (physically and financially), tax help for recovery efforts and tax deductions for helping out those who are hit by natural disasters. June 5:
You've been working for five full months by now. Is your withholding reflecting the correct amount of taxes that should be taken out of your paychecks? If your life has changed significantly since the beginning of the year, it's time to adjust your withholding
by giving your employer a new W-4.
Does your job compensation include tips
? Did you receive $20 or more in tips in May? If you answered "yes" to both questions, use Form 4070
to report your tips today to your employer.June 14:
Happy Flag Day
. If you need to buy a banner to fly today, you might also get a tax break. Several states exempt the Stars and Stripes from sales tax
. Check with your state's tax department
to see if you can save on your patriotic display.
June 15 is a busy tax day. It starts with a deadline for estimated tax payers. If you're part of that group, your second estimated tax
payment of the year is due today. June 15
also is the due date for annual Form 1040 filings by U.S. citizens or resident aliens living and working outside the country
, as well as military personnel stationed abroad.
Happy Father's Day!
Dad might not say so, but he appreciates being recognized, so take time today to let him know you care. If you also show your affection by providing for the bulk of dad's living expenses (or mom
's, too, for that matter), be sure you claim him, her or both of them as dependents
on your tax return.
also is the official start of summer. The hottest part of the season is down the road, but now is the time to, as with hurricane season, get ready.
The federal tax break for relatively easy home energy upgrades expired at the end of 2014, but the more extensive alternative energy systems fueled by solar
, wind or geothermal power could keep you cool and still get you a valuable tax credit
Also check on state tax and rebate programs
that could help you save some money this summer.
Are you a June bride? Since the withholding rates are different for couples, both newlywed wives and husbands should file new W-4 forms
at work to reflect their now-married tax status.
The U.S. Supreme Court could soon decide that more same-sex couples will be saying "I do." These couples should check out how their new legally married status affects their tax lives.
Are your kids attending camp this summer? If it's a day camp, hang onto those receipts. Working parents can count day camp costs
in calculating how much of the child and dependent care credit you can claim.Small Business Tax Calendar – June:
Check out the important filing, deposit and record keeping dates
your company needs to know.