Nov. 1: As November begins, you're obviously focused on the month's upcoming seasonal celebrations. But as meteorologically counterintuitive as it seems, today marks the final 30 days of the official Atlantic/Gulf of Mexico hurricane season.
We made it through October with no tropical systems hitting the United States, but many in the southeast are still recovering from Hurricane Idalia, which in September made landfall in Florida, and then moved northeast into Georgia and South Carolina. Still, it's best to stay storm prepared so we're ready for the next system (or whatever possible disaster is common in your area). The countdown clock below can help you keep track of the last days of hurricane season 2023.
If, or unfortunately when, you ever are in a major natural disaster, the ol' blog's special Storm Warnings pages can help in preparing for, recovering from (including claiming uninsured disaster losses as an itemized tax deduction), and helping those who sustain damages from the many ways that that weather goes wild.
Nov. 5: This first Sunday of November means we get an extra hour. Of course, we'll use the 60 minutes gained in our shift back to Standard Time on tax tasks, right?
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An easy but important tax move to make now is reviewing and adjust your payroll withholding. The goal is to avoid owing a lot or getting a refund next filing season. Tweaking withholding is an especially good idea if you have a gig work, either full-time or to supplement your wages.
Nov. 7: It's Election Day across the country, with decisions to be made on ballot issues, as well as on candidates for office. Among the ballot initiatives this year are tax matters before voters in Colorado, Louisiana, and Texas.
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Find out how to vote where you live.
Nov. 10-11: Today, Friday, Nov. 10, is when federal employees recognize Veterans Day this year, since the Nov. 11, 2023, holiday falls on Saturday. Technically, Veterans Day is one of the few federal holidays that isn't shifted to Monday. The Nov. 11 date marks the official, formal end of World War I at the 11th hour of the 11th day of the 11th month of 1918. The commemoration eventually evolved into a day to recognize veterans of all armed conflicts.
Today and Saturday, Nov. 11, honor veterans however you feel is appropriate. If you're a business owner, consider hiring a veteran. Adding a new military-trained worker to your staff also might provide your firm a tax benefit thanks to the Work Opportunity Tax Credit (WOTC).
Nov. 13: If your job is as a server at a restaurant or at any other establishment where gratuities from customers are part of your compensation, I hope you got lots of financial thanks for doing your job well. Remember, though, that those tips taxable income
Whether you're dining in or, still COVID leery, getting food delivered to your home, if a tip isn't included on your restaurant or delivery bill, click the image above to calculate how much to tip the person who brought it to you.
And if you got at least $20 in gratuities in October for doing a good job as a food server or hair stylist or parking valet or whatever job where tipping is common, you must report that amount by today. Use
Form 4070 to let your employer know the total tips you took in last month.
Nov. 15: It's Tax Day for filers who endured major flooding in
Vermont. They must file their 2022 federal tax return today.
Nov. 16: Repetition alert. It's Tax Day again, this time for taxpayers in
55 of California's 58 counties who endured major disasters earlier this year. The only Golden State filers not covered by this extension are those who live or have businesses in Lassen, Modoc, and Shasta counties.
Nov. 20: Thanksgiving week is here! If you are able to be with your family, enjoy. Also think about those who can't, and if you can afford it, consider giving to the many charities, both national and those in your own neighborhood, that help the less fortunate. As long as the group is an
IRS-approved 501(c)(3) nonprofit, you might be able to claim your gifts as an itemized deduction on your 2023 tax filing next year.
Nov. 23: Happy Thanksgiving!
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Take a break from taxes for turkey, football, and time with your family and friends. If you also happen to have a little cash on some fantasy or, thanks to the Supreme Court, real games — even the NFL is okay with betting now — remember that wagering wins on sporting events, like all bet payoffs, are taxable income.
Nov. 30: Have you recovered from your holiday feast? If it, as well as self-indulgences earlier this year left you feeling a bit too heavy, get a head start on your New Year resolutions by hitting the gym. If your weight loss regimen is prescribed by a doctor to deal with a medical condition, you might be able to claim the exercise expenses as an itemized medical expense.
Small Business Tax Calendar: Important filing, deposit and record keeping dates throughout the year that your company needs to know. You can get more tax calendar information at the IRS' online calendar page and view the full year's important business and individual tax dates in IRS Pub. 509.
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