Welcome November! We love your cooler weather, the family gatherings and all that good food (yay pumpkin pies!) and, of course, the extra hour we get from the return to Standard Time to work on ways to cut our tax bills.
Nov. 1: This 11th month starts with Affordable Care Act open enrollment, which
runs through Dec. 15. Yes, despite Republican efforts last year to repeal and replace it,
Obamacare is still the law. So is the tax help via the
premium tax credit.
Nov. 4: Daylight Saving Time ends at 2 a.m. today, as we fall back an hour to Standard Time.
Sure you can spend the extra 60 minutes sleeping. Or you use the time to review and adjust your
adjust your payroll withholding. The goal is to avoid owing a lot or getting a refund next filing season. A
paycheck check-up is an especially good idea because of the income tax changes under the Tax Cuts and Jobs Act.
Nov. 6: It's
Election Day, with all 435 U.S. House and 35 Senate seats to be determined by voters. In addition, there are
ballot initiatives, many of them tax-related, in 37 states.
Nov. 11-12: Veterans Day is Nov. 11. That date marks the official, formal end of World War I at the 11th hour of the 11th day of the 11th month of 1918. It eventually evolved into a day to recognize veterans of all armed conflicts. Since the 11th is on Sunday this year, the federal holiday is Monday, Nov. 12. Honor veterans however you feel is appropriate. If one way is
donating to a charity that helps vets. Although the new tax law makes itemizing less appealing for most filers, if you still fill out a Schedule A you can count your patriotic gift as a tax deduction.
Nov. 13: Does your job include
tips? If so and you received $20 in tips in October, use
Form 4070 to report them today to your employer. This report usually is due on the 10th of each month, but that fell on Saturday so it get pushed to the next business day, which is today since Monday was the official federal holiday for Veterans' Day.
Nov. 19: Speaking of income, if you're looking for or have already landed a seasonal job to make a little extra holiday spending cash, pay attention to how you're paid. It makes a
difference in your taxes. If you're an independent contractor instead of an employee, you're responsible for paying
self-employment taxes, as well as the income taxes that are usually withheld from employees' paychecks.
Nov. 22: Happy Thanksgiving! Take a break from taxes for turkey, football and time with your family. If you also happen to have a little cash on some
fantasy football games, remember that while the teams might be fake, the taxes are real. If you opt to gamble on real match-ups, thanks to a Supreme Court decision earlier this year, states now can accept
wagers on sporting events. In those cases, the betting establishment that hands over your winnings will make sure the Internal Revenue Service also knows of your good fortune, so don't ignore it when you file next year.
Nov. 26: California residents who sustained losses in one of the state's devastating
wildfires, your extended deadline to meet tax deadlines is Nov. 30. You also might be able to claim those major disaster losses as an itemized
casualty tax deduction.
Nov. 30: Finally! The Atlantic
hurricane season officially ends today.
It's been a terrible summer and early fall for folks in the Southeast.
But weather disasters can happen at any time of the year. Whenever Mother Nature decides she wants to take a shot, be sure you are prepared both physically and financially. The ol' blog's special
Storm Warnings page can help.
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.
Ray, yes, Missouri operates by the postmark as evidence of timely filing standard; that is, if the postmark is April 15 the return is deemed as being filed on time on that day even if it arrived later. So mailing it April 14 should get the return postmarked 4/14 or at the latest 4/15. You also could pay for tracking, which I believe is a nominal charge, which will show when you delivered it to the post office as proof of timely filing.
Posted by: Kay | Sunday, April 13, 2014 at 10:57 AM
My first payment for 2014 Missouri estimated taxes will be mailed and postmarked April 14 2014. Does this meet the required due date even though the check may not be delivered by April 15th?
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Posted by: Lorrine | Wednesday, November 06, 2013 at 05:21 PM
yes, but you'll likely owe penalty and interest charges for late filing. But you need to file ASAP to stop those charges from continuing to add up.
Posted by: Kay | Sunday, January 22, 2012 at 06:19 PM
can i file my 2010 taxes in 2012
Posted by: shawn jenkins | Sunday, January 22, 2012 at 12:58 PM
Ellett, this is a listing of the states' normal tax filing deadlines. As you note, 2011 is not normal, with states that usually require returns by April 15 following the IRS postponement until April 18, 2011, because of Emancipation Day. Details on 2011 special tax day considerations can be found in these two posts: http://dontmesswithtaxes.typepad.com/dont_mess_with_taxes/2011/03/by-the-numbers-12-states-that-dont-follow-the-415-deadline.html and http://dontmesswithtaxes.typepad.com/dont_mess_with_taxes/2011/03/patriots-day-extends-maine-massachusetts-tax-deadline.html
Posted by: Kay | Friday, April 15, 2011 at 04:20 PM
CA date is incorrect. CA FTB web site says that CA is following the federal date of April 18.
Posted by: Ellett | Friday, April 15, 2011 at 10:30 AM
We are buying a new energy efficient furnace and airconditioner this week. I think I heard that there is a tax free day this week on energy savings appliances. If I am correct, how do I apply?
Posted by: Julie Garnier | Monday, April 19, 2010 at 08:57 AM