People love the new year for many boring reasons. You can lament the past year (2016 wasn’t THAT BAD. Famous people die every year).
A new year also signifies a fresh start. That could mean a new healthy diet or starting to break some bad habits.
But most New Years resolutions die fast, so I like the new year for a different reason. TAX TIME!
And it’s not because I’m getting a big refund. I try to get as small of a refund as possible. That’s because getting a large refund means you had the government hold your earned money last year. But that’s for another post.
I just enjoy getting tax related letters in the mail and having a nice folder at the end of February with all of my financial information from 2016. Doesn’t get much better than that.
That being said, today is a big day for me.
January 23, 2017 is the first day the IRS will accept tax returns. This includes paper and e-file. And why are you still using paper??
Here are some other key dates to remember:
January 31, 2017: Date by which you should have received your W-2 from your employer.
February 16, 2017: Financial and investment institutions must mail out their various forms, including 1099’s which report any withdrawals from retirement accounts.
April 18, 2017: Tax Day! Last day to file federal income tax returns and any extension requests.
October 15, 2017: Last day to file federal taxes for those who had approved extensions.
This post is simply a public service announcement for the start of tax filing.
Next week I will outline where you can get your taxes done, and how it can possibly be FREE!