Things to Know
New Year and Here’s Tax Time Again…
While wrapping up the holiday season, it’s time to start thinking about filing for 2013 taxes.
While only your tax advisor can tell you exactly what is right for you, here’s a couple of tips and reminders:
- You can’t file your tax return until January 31 this year due to a brief IRS ‘vacation’ earlier in 2013. Although there’s a delay on when you can file your taxes, there’s no reprieve on the April 15 deadline. Remember, even if you request an extension, any taxes due are due byApril 15.
- Stay organized. Keep all your receipts and records clearly marked with the tax year they pertain to.
- If you’re eligble, you can make a Roth IRA or traditional IRA contribution up until the April 15 deadline. The maxiumum contributions for 2013 are $5,500 for each your Roth IRA and tradtional IRA and $6,500 for those over 50.