Last week at my other tax blog: Year-end tax moves; Rich don't pay enough taxes
Minimum wage increased in eight states but workers probably still EITC eligible

Tax moves to make in January 2012


Oh, sorry. I didn't mean to blast in on you as you're recovering from last night's celebrations.

Let me start over, more softly. Happy New Year.

Are you ready for 2012?

January_tax_moves_160Well, are you at least ready to complete your 2011 tax return that's due this April?

That's OK. Me neither. We've got time. In fact, we've got even more time this year.

Uncle Sam doesn't expect our 1040 forms until Tuesday, April 17. Why the extra days? April 15 is on Sunday and the following Monday is, as it was last year, the Emancipation Day holiday in the District of Columbia. And D.C.'s day off gives us more time to file.

Plus, 2012 is a Leap Year, so there's no excuse for not getting your taxes done by the April deadline this year.

Of course, that old proverb wisely notes that every journey begins with one step. That's particularly true of taxes. So to get going on your 2011 return trip, you need to soon start thinking about things like:

  • Picking the proper tax form to file,
  • Whether to hire a tax pro this year or do your taxes yourself, and
  • Getting ready for the onslaught of 1099s and other tax documents that will be arriving in January.

Those are just a few tax tasks awaiting you in this first month of the New Year. You can find more in in the January Tax Moves listed in the ol' blog's left column.

There's also a fun countdown clock to the tax filing deadline.

Just scroll down a bit and you're set, with plenty to do tax-wise for the rest of this month ... as soon as the hangover from ringing in the New Year subsides!

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