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Wednesday, April 09, 2014

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Weekly Tax Tip

  • 10 midyear tax moves -- The year is half over. That makes it the perfect time to take some tax steps that could lower your 2015 Internal Revenue Service bill. (July 22, 2015)

  • Tax Tip; click pencil for all tax tip links


  • Check out all the latest post-April 15 advice at Weekly Tax Tips 2015.

    You also can get a refresher of the Daily Tax Tips posted earlier this year on their respective filing season monthly pages: January, February, March and April.

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Counting Down to Tax Day

  • Did you get an extension on April 15
    to file your tax return?
    You are not alone.
    Our countdown clock will make sure that all of us still working
    on our tax returns don't miss
    the Oct. 15 extended deadline.

Time for Tax Tasks


  • monthly tax moves


  • July 1: This is the day on which many states' new laws take effect. This year, gasoline taxes are getting a lot of attention. While federal lawmakers refuse to hike the excise tax that Uncle Sam collects on fuel, some state lawmakers are not nearly so reluctant. Seven states increased their gas and/or diesel excise taxes today. They are California, Georgia, Idaho, Maryland, Nebraska, Rhode Island and Vermont.

    July 4: Happy 239th Birthday, America! Most of us will never be totally independent of taxes, but we can celebrate fewer tax hassles.

    Fireworks rocket

    A tax professional can help you get your tax life in shape, whether it's taking steps to lower your 2015 bill or file that 2014 return that's due by the extended Oct. 15 deadline.

    July 10: Do you get tips as part of your job? If so and you received gratuities totally $20 or more in June, use Form 4070 to report them today to your employer.

    July 14: The 2015 Atlantic/Gulf of Mexico hurricane season has been relatively tame, with just two named storms (Ana and Bill) so far. But we can't get complacent. Hurricane season, being ticked off on the countdown clock below, can ramp up quickly and will officially continue through Nov. 30.



    To prepare for a tropical storm's landfall or the associated rain, flooding and tornadoes that accompany them, check out the ol' blog's special Natural Disasters Resources page. It has physical and financial preparation tips.

    July 17: Ah, summertime and the living is easy … as long as you have a great day camp where you can send your kids. Working parents can use the day camp's costs to help claim the child and dependent care credit.

    July 21: For older youngsters, getting a summer job is a rite of passage. It's a great way for them to earn some spending money -- or sock away a bit for coming college costs --- and learn life-long financial responsibility lessons. They'll also get schooled on the role of taxes taken out of their paychecks.

    July 24: In addition to putting some summer job earnings toward college savings, your young employee can start building a retirement nest egg by opening a Roth IRA.

    July 27: Take a lesson from your kids and check out how your own retirement savings are doing. If you got a raise this year, bump up your contributions to your retirement accounts.

    July 31: Now that we're into the last half of 2015, it's a good time to make some midyear tax moves that can help reduce your coming tax bill, such as evaluating your portfolio for losing stocks that can offset any gains and making deductible donations to your favorite charity.

    Small Business Tax Calendar: Important filing, deposit and record keeping dates throughout the year that your company needs to know. You also can view the full year's important business tax dates in IRS Pub. 509.

State Tax Help

  • Don't forget your state taxes!
    Forty-three states and D.C. collect personal income taxes. But even if you live in of the seven states without an income levy, you still face other state (and local) taxes.

    State Tax Departments provides links to your state's Web page. The companion page, Tax Tidbits, is the compilation of blurbs about each state's tax laws. And for more state tax news, check out all our state tax bloggings.

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  • Numbers

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    Check out these (mostly) weekly
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Kudos Et Cetera

  • Association for Women 2014 Clarion Award Winner
    National Association
    for Women in Communications
    Best Personal Blog, 2014

  • Plutus Award 2013 Award Winner
    Plutus Financial Bloggers Awards
    Best Tax Blog, 2013

  • Association for Women 2012 Clarion Award Winner
    National Association
    for Women in Communications
    Best Personal Blog, 2012

  • Plutus Award Winner
    Plutus Financial Bloggers Awards
    Best Tax Blog, 2011


  • Alltop

I gotta tell ya ...

  • AKA Disclaimer:
    I am a professional journalist who has been covering tax issues since 1999.
    I am not a professional tax preparer.
    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 of any specific tax action(s) you should take. Similarly, mentions of products or services are not endorsements. In other words, my ramblings on the ol' blog are free advice and you know what they say about getting what you pay for. That's why when it comes to filing your taxes, I urge you to get additional, professional, paid-for guidance from an accountant, Enrolled Agent or other qualified tax professional who is familiar with your individual tax circumstances.

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Keep Uncle Sam cranky!

  • It's no wonder Uncle Sam is not very happy here. His vault is empty. Don't Mess With Taxes aims to keep him cranky by providing tax and personal finance tips and advice that will put more money in your bank account, not the government treasury.

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