Posts Tagged ‘tax deadline’
Year-End Tax Tips for 2021
As we wrap up 2021, it’s important to take a closer look at your tax and financial plans. This year likely brought up questions that significantly impact your personal and financial situation. Now is the time to work on your current tax strategies to make sure they are still meeting your needs and take any last-minute steps that could save you…
Read MoreClient Alert: Revised Maryland Tax Forms are Available
All individual tax forms have been revised and are ready to use for Maryland’s 2020 tax year. Taxpayers who have been waiting for the revision of forms to amend their taxes to take advantage of an unemployment insurance subtraction can now file or amend with Maryland Form 502LU. Tax returns are due for the state…
Read MoreDue Date for Federal Income Tax Returns and Payments Postponed to May 17
Due to the unusual conditions related to the coronavirus pandemic, the due date for individuals to file 2020 federal income tax returns and make tax payments has been postponed by the IRS from Thursday, April 15, 2021, to Monday, May 17, 2021. No interest, penalties, or additions to tax will be incurred by taxpayers during…
Read More2019 IRA Contribution Deadline Has Been Extended
Due to the coronavirus tax filing extension, there’s still time to make a regular IRA contribution for 2019. You have until your tax return due date (not including extensions) to contribute up to $6,000 for 2019 ($7,000 if you were age 50 or older on December 31, 2019). For most taxpayers, the contribution deadline for…
Read MoreThere’s Still Time to Contribute to an IRA for 2019 Taxes
Even though the tax filing season is well underway, there’s still time to make a regular IRA contribution for 2019. You have until your tax return due date (not including extensions) to contribute up to $6,000 for 2019 ($7,000 if you were age 50 or older on December 31, 2019). For most taxpayers, the contribution…
Read MoreYear-End Tax Tips for 2019
Immediate and Long-Term Tax Planning Tips Over the last two years, we have seen many individual tax changes that may have reduced some deductions, increased others and dramatically changed your tax return. There are still a number of tax planning strategies available and in this letter, we will remind you of a few. 401k The…
Read MoreFederal Income Tax Returns Due for Most Individuals
Filing deadline for most individuals: Tuesday, April 17, 2018 Monday, October 15, 2018, if you file for an automatic six-month extension by the original due date The federal income tax filing deadline for most individuals is Tuesday, April 17, 2018. That’s because April 15 falls on a Sunday, and Emancipation Day, a legal holiday in Washington, D.C.,…
Read MoreTax Filing Season is Here – Things for Taxpayers to Consider
All financial advisors, CPAs and tax preparers are not created equal! At Chesapeake Financial Advisors, we combine our expertise in financial planning and taxes to provide clients with a service level that provides them with tax advice and preparation that is relevant to their financial plan. After all they go together more than any other…
Read MoreTax Refunds in 2018
Refunds in 2018 Choosing e-file and direct deposit for refunds remains the fastest and safest way to file an accurate income tax return and receive a refund. The IRS expects more than four out of five tax returns will be prepared electronically using tax software. The IRS still anticipates issuing more than nine out of…
Read MoreTax Filing Season Begins Jan 29th Tax Returns Due April 17th
Tax Filing Season Begins Jan. 29, Tax Returns Due April 17 The IRS will begin accepting tax returns on Jan. 29, 2018 with nearly 155 million individual tax returns expected to be filed in 2018. The nation’s tax deadline will be April 17th this year – so taxpayers will have two additional days to file…
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