Taxpayers in the United States do most of their work in the first quarter of the year, but to get the best tax result, you need to pay attention to tax tasks year round. So on this Labor Day 2013, the 120th Tax Carnival celebrates working on taxes.
But before we get to tax specifics, let's start with some fun Labor Day facts from the Department of Labor, the U.S. Census Bureau, the Bureau of Labor Statistics and a variety of other websites and blogs.
The first Labor Day observance was Sept. 5, 1882, when around 10,000 workers assembled in New York City for a parade. That celebration inspired similar events across the country. By 1894 more than half the states were observing a "workingmen's holiday" on one day or another.
Later that year, Congress passed legislation and President Grover Cleveland signed it designating the first Monday in September as the national Labor Day holiday to pay tribute to the social and economic achievements of American workers.
People age 16 or older in the United States' labor force in July totaled 155.8 million. Around 8 million of those workers were part-timers.
You definitely want to check out the Washington Post's Wonkblog with its eight charts that show what it means to be a worker in America today and how that has changed over the years.
Looking for a steady career? Personal care aides are expected to top the fastest-growing job list from 2010 to 2020, with this profession projected to increase during those years by 70 percent.
However, the occupation expected to add more positions over this period than any other is registered nurses. Can you say aging, ailing U.S. population?
Of course, given the fading hopes that real tax reform will happen any time soon, a career in a tax-related field looks pretty secure, too.
And on that note, let's get to some tax tasks to consider thanks to contributors to Tax Carnival #120: Labor Day Taxes 2013.
Robert D Flach reveals a case where Taxpayers Screwed by Tax Court. It's posted at The Wandering Tax Pro.
Michael Kitces asks Can You Deduct Investment Advisory Fees Directly From An Annuity? His answer is posted at Nerd's Eye View.
Madison asks a tax question that many folks ask every year: How Much Money Do You Have to Make to File Taxes?. Check out the numbers at My Dollar Plan.
Laura Anderson presents Expert Insights: Nanny Employer Tax Facts with Guy Maddalone of GTM Payroll Servicesposted at eNannySource Blog.
Super Saver is nowhere near retirement, but already thinking about retirement fund distributions, specifically how to reduce the amount of funds in IRAs that are subject to required distributions at age 70½. Read more in Managing the RMD Tax Trap, posted at My Wealth Builder.
And even though this month's Tax Carnival is tied to work, we close on a personal note.
Emily wonders, "If you could see someone's tax return before accepting a date with him/her, what would you look at to help determine your answer? What would a potential date look at in your return?" She explores that personal financial connection in Would Someone Date You After Seeing Your Taxes? It's posted at Evolving Personal Finance.
With that, we wrap up September's Tax Carnival #120: Labor Day Taxes 2013.
As always, thanks to all the contributors and especially to all y'all for reading.
Be a part of that collection of tax posts -- and please, please, please send tax-only items; the guidelines page has details and you also can review previous carnivals to see what made the cut -- by sending your item via the Carnival of Taxes submission page.
Or if you prefer a more direct method, send your tax blog item to me at taxcarnival @ gmail.com.