Sept. 1: Happy Labor Day!
This celebration of workers' social and economic contributions to the country is a federal holiday.
In most employment situations, the workers are employees. Sometimes though folks are hired as contractors. The difference between a contractor and an employee
matters not only to businesses that hire the workers, but also to the worker. There are different tax considerations as an independent contractor
Happy Grandparents' Day! If you're an older grandma or grandpa, pay attention to your overall earnings. Any supplemental retirement income could cause your Social Security benefits to be taxed
If you're helping out an older parent, keep good track of all your financial contributions. You might be able to claim Mom and/or Dad as a tax dependent
. Sept. 10:
Does your job include tips
? If so and you received $20 in tips in August, use Form 4070
to report them today to your employer. Sept. 11:
Today is Patriot Day
, the annual observance to remember those who were injured or died during the terrorist attacks in the United States on Sept. 11, 2001. On this annual National Day of Service and Remembrance, you can find charitable remembrance activities in your area through the National Corporation for Community Service
, which grew out of the many commemorations of the 9/11 victims. You also can contribute to the nonprofit of your choice, either one that assists victims or in the name of someone you wish to honor.
Click image to visit
the Community Service
While your volunteer work is not tax deductible
, you might be able to deduct your donation of cash or goods
if you itemize. Sept. 15:
It's estimated tax
time again. Your third voucher for the 2014 tax year is due today. Sept. 22:
Fall officially arrives today with the autumnal equinox at 10:29 p.m. Eastern Time
. Although it still feels like summer here in Texas, cooler weather will be here soon. I hope! Get ready for the coming chill by checking out ways to make your home more energy efficient. Note that the energy-efficient home improvement tax credit expired Dec. 31, 2013, but it's possible that Congress might renew it
as part of the tax extenders package.Sept. 26:
Classes are finally back in session across the whole country this month. Among the tax code provisions to help with schooling costs is the Coverdell Education Savings Account
. This money can be used tax-free to pay for school expenses at the kindergarten through grade 12 levels. If your kids are in college, check out the educational tax breaks
that are still available for post-high school classes.Sept. 30:
September is usually the busiest month of the Atlantic hurricane season, which runs through Nov. 30.
If you haven't prepared for the possibility yet, the ol' blog's special Natural Disasters Resources
blog page can help.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