A key part of managing your finances is being aware of important deadlines so you can prepare for them in advance. If you drop the ball, you may wind up losing money or paying costly penalties. Here are some important tax and personal finance dates to circle on your calendar.
January 7, 2019
- ezTaxReturn’s opening day
Taxpayer’s can begin preparing their tax return at ezTaxReturn.com. It’s fast, easy and you’ll get the biggest possible refund, guaranteed.
January 15, 2019
- 4th quarter 2018 estimated tax payments are due
If you’re self-employed or have other fourth quarter income, you must make your estimated tax payment by January 15th. The IRS accepts payment online, over the phone or by mail.
January 25, 2019
- EITC Awareness Day
Workers who earn low to moderate incomes may qualify for the Earned Income Tax Credit (EITC) which is potentially worth $6,431. Unfortunately, 1 in 5 eligible workers fail to take it. To qualify, you must meet certain requirements and file a tax return.
January 28, 2019
- IRS tax filing season begins
The IRS will begin accepting and processing tax returns on January 28th.
January 31, 2019
- Deadline for employers to mail your W-2
If you don’t receive your W-2 by mid-February, you may call the IRS at 1-800-829-1040 for assistance.
April 1, 2019
- 1st required minimum distribution (RMD) deadline
If you turned 70 ½ in 2018 and delayed taking your first RMD from your employer-sponsored retirement plan or traditional IRA, you have until April 1st to withdraw the cash. Miss the deadline and your RMD will be taxed at 50 percent.
April 15, 2019
- Tax Day
Your federal and state tax returns must be e-filed or postmarked before midnight.
- Last chance to request a filing extension
Need more time to file? If so, you can request an extension by submitting Form 4868 to the IRS. Keep in mind, an extension only gives you more time to file. It does not give you additional time to pay if you have a balance due.
- Final opportunity to make a 2018 IRA contribution
April 15th is the last day you can contribute to your traditional or Roth IRA for 2018. The contribution limit is $5,500 ($6,500 if you’re 55 or older).
- 1st quarter estimated tax payments are due
Self-employed or have other first quarter income? If so, your estimated tax payment is due by April 15th.
June 17, 2019
- 2nd quarter estimated tax payments are due
If you’re self-employed or have other second quarter income, your estimated tax payment is due by June 17th.
June 30, 2019
- Deadline to file the Free Application for Federal Student Aid (FAFSA)
If you or your child plan to attend college this year, June 30th is an important date for you. This is the deadline to submit the 2018-2019 FASFA to qualify for grants, scholarships, federal work-study and federal student loans. ezTaxReturn users who need to download a copy of their tax return for their FAFSA can click here.
September 16, 2019
- 3rd quarter estimated tax payments are due
Those who are self-employed or have other third quarter income must make their estimated tax payment by September 16th.
October 1, 2019
- FAFSA open date
October 1st is the first day you can begin submitting your 2019-2020 FAFSA. Many schools operate on a first come, first served basis so apply early.
October 15, 2019
- Extended tax deadline
If you requested more time to do your taxes, October 15th is the last day to e-file. With ezTaxReturn.com, it only takes 30 minutes to prepare your return.
November 1, 2019
- Open enrollment for the Health Insurance Marketplace begins
If you plan to purchase health coverage through the Health Insurance Marketplace, November 1st is the first day you can enroll in or renew a plan for 2020.
December 15, 2019
- Open enrollment for the Health Insurance Marketplace ends
December 15th is the last day to enroll in or renew a health insurance plan for coverage starting January 1, 2020.
December 31, 2019
- Required minimum distribution (RMD) deadline
If you’re 70 1/2 and older, this is your last chance withdraw your RMD from your employer sponsored retirement plan or traditional IRA. Those who turn 70 ½ in 2019, can delay their first payment until April 1, 2020.
- Use your FSA dollars or lose it
If you have a Flexible Spending Account (FSA), you may be required to use your remaining balance by December 31st or forfeit the cash. Some companies do offer a 2 ½ month grace period or let you carry over $500 so check with your employer.
January 15, 2020
- 4th quarter estimated tax payment due
Those who are self-employed or have other fourth quarter income must make their estimated tax payment by January 15th.