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April 2018 Daily Tax Tips
Spring, and the tax deadline, has sprung!

Tax_tip_icon_pencil_point

It's here! Uncle Sam's favorite month. Those of us who put off filing our taxes tend to do so because we owe the U.S. Treasury. That ends on Tax Day.

True, we can file for a six-month extension. That, however, is more time to file your forms. When you submit your Form 4868 you also must send a good estimate of any tax you owe.

Since you have to do some calculating anyway and get your extension into the Internal Revenue Service by the April due date, which is April 17 this year, you might as well finish the job by then.

These tax tips can help. You'll find the weekday pieces of tax advice, like January's and February's before them, will be highlighted in the upper right corner of the ol' blog.

After a Monday-through-Friday day in the spotlight through April 17, this month's tips will find their new permanent home on this page.

And if you need more tips because you're just now getting started on your Form 1040, you can find them in the previously posted monthly tax tips pages. You'll find those links at the end of this page.

Tax planning, too: If, however, you are done with your annual tax filing, good for you. Now you can get to work on ways to trim your 2018 tax bill.

That will be a bit more of a challenge now that new tax laws, courtesy the Tax Cuts and Jobs Act, are in place. The tips about the tax changes, some of which have already been posted, will help here.

But for now, it's time to focus on finishing up your 2017 taxes. So let's get to the tips.

  1. Don't overlook these tax breaks — Tax Day is almost here. You're in a hurry. You're overwhelmed. You're scared. Take a breath. Then check out these 12 often overlooked tax breaks. (April 2, 2018)
  2. Above-the-line tax deductions don't require itemizing — Most taxpayers claim the standard deduction. Even more are likely to in 2018, since those amounts have been dramatically increased for the 2018 tax year under the Tax Cuts and Jobs Act. But even if you use the standard deduction, you still might be able to reduce your tax bills by claiming some income adjustments, popularly known as above-the-line deductions, that are found directly on tax Forms 1040 and 1040A. (April 3, 2018)
  3. When to send the IRS an ID theft affidavit — Folks who are victims of tax-related identity theft may wonder when they should file a Form 14039. Here's the scoop from the Internal Revenue Service on when to send it this official ID theft affidavit, which you now can submit online. (April 4, 2018)
  4. Many and varied online state sales tax laws — The Supreme Court this month will hear arguments on interstate taxation of online sales. Whatever the decision, there will be post-ruling confusion. Check out where your state stands as far as collecting tax on remote sales. (April 5, 2018)
  5. Take a pre-disaster inventory — Hurricane season doesn't officially start until June 1, but it's not too early to get ready for what is predicted to be an active tropical storm season. One component of hurricane season preparation should be an accurate inventory of your property. (April 6, 2018)
  6. 6 tips for new taxpayers — Filing a 1040 form for the first time? Don't panic. Here are six suggestions to help you make it through your initial contact (and future ones, too!) with the Internal Revenue Service. (April 9, 2018)
  7. Maximizing itemized deductions — If you itemize deductions, make sure you make the most of what can be claimed on your Schedule A for the 2017 tax year. It'll be the last time, at least for a while, for some of these deductions thanks to tax law changes that took effect in 2018. (April 10, 2018)
  8. Don't make these 12 costly tax mistakes — Taxes are complicated, so it's no surprise that taxpayers make mistakes now and then. But some errors seem to show up regularly. Here are a dozen common tax filing errors that you should take care to avoid making. (April 11, 2018)
  9. 10 tax tasks to take care of by Tax Day — April 17 is THE big day for taxes, with millions of filers working toward that tax filing deadline. But finishing up your annual Form 1040 is just one of 10 tax tasks that many Americans must take care of by Tax Day. (April 11, 2018)
  10. Take advantage of a filing extension — Sometimes taxpayers find themselves unable to file their taxes by the April due date. In these cases, turn to Form 4868 to get a six-month extension to file your federal tax return. (April 13, 2018)
  11. Get your part of $1.1 billion in unclaimed federal tax refunds — Lots of folks are anxiously awaiting their 2017 tax refunds, but more than a million taxpayers also are due money from Uncle Sam in connection with tax returns they didn't file three years ago. But to get your part of the more than $1 billion the IRS wants to refund, you must file your 2014 return by the Tuesday, April 17 tax deadline. (April 16, 2018)
  12. 5 delivery tips for paper return filers — Are you a committed snail mailer (or private delivery service user) when it comes to your taxes? Here are some tips to help you get your old-school paper tax return to the IRS on time. (April 17, 2018)
  13. E-file and e-pay options — If you're thinking of finally joining the majority of taxpayers who take care of taxes electronically, and you have through today, April 18, to do so thanks to the added filing day, here's a look at your e-file and, if you owe the Internal Revenue Service, e-payment options. (April 18, 2018)

Want more tax tips? You are in luck! You can find the previous two month's collected tax wisdom by clicking the following links. (April to be added when that month arrives.)

January 2018 Daily Tax Tips

February 2018 Daily Tax Tips

March 2018 Daily Tax Tips

 

 

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Today's Tax Tip

  • Tax-saving HSA contribution limits go up in 2026 — The amounts that health savings account (HSA) owners can put into this tax-advantaged medical plan is going up next year. The increase is part of the IRS’ adjustment this week of the 2026 limits for HSAs, associated high deductible health plans (HDHPs), and the lesser-used health reimbursement arrangement (HRA). (May 2, 2025)


  • Tax Tip; click pencil for all tax tip links

  • The 2025 Tax Tips offer ways to file your annual return, along with post-filing advice, important tax news and, of course, ways to cut your current tax year bill. You'll find the monthly assemblages on their own respective pages: January, February, March, April, May, June, July, August, September, October, November and December. Remember, tax tasks and tips don't stop after you file your annual return!

All About Kay

  • OK, some about Kay
    Open sign
    Kay Bell — Native Texan
    (the blog title totally makes sense now, right?). Professional journalist. Tax geek.
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My Other Accounts

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  • Tax Year 2025 Continues!

    We made it. Tax Day 2025 is finally over. For most of us. When the filing season started on Jan. 27, the IRS said it expected more than 140 million individual tax returns for tax year 2024 to be filed by April 15. When the month started, the agency was around 39 million short of that number. While many taxpayers no doubt got their 1040s in by Tax Day, million every year get an extension to file. That's fine.

    In fact, the Internal Revenue Service appreciates some of us spreading out our tax submissions. It gives the agency time to process the surge of returns that arrive en masse on April 15.

    But enough about Uncle Sam's tax collection issues. The focus now is on all y'all who filed for extensions, giving you another six months to complete your return. Let's get started on meeting that new Oct. 15 deadline. It will be here before you know it.

    The monthly tips and reminders a little further down this column can help you finish up your extended Form 1040. There also will be tax tidbits each month that make sure you meet other tax deadlines. And, of course, you'll find advice on ways to cut your 2025 tax bill.

    The monthly tips and reminders a little further down this column can help you finish up your extended Form 1040. There also will be tax tidbits each month that make sure you meet other tax deadlines. And, of course, you'll find advice on ways to cut your 2025 tax bill.
    Note: I'm in the Central Time Zone, so adjust accordingly for where you live.


Time for Tax Tasks


  • monthly tax moves


  • 💐 May 💐 is 💐 here! 💐

    You've got to love a month that starts with a celebration, at least globally. But even though May Day isn’t an official or very big deal here in the United States, there still are lots of other May celebrations. Cinco de Mayo. Mother’s Day. Memorial Day.

    May Pole Dance via GIPHY


    In between, we can celebrate the arrival of the month that, for most taxpayers, means the main 2025 tax task of filing our returns is behind us. Now it’s on to shower-fed flowers, balmy days, and additional tax moves to take care of so that the rest of the year goes smoothly. Let the May tax merriment begin!


  • May 1: It’s not such a merry day for some taxpayers. Not only did the residents of eight states have to earlier deal with a major natural disaster, their Tax Day that was delayed because of those damages is today, May Day, no doubt prompting a mayday call from some affected filers.

    May 2: The rest of us made it through last month, the one that is home to the annual U.S. filing deadline. Did Tax Day mean you got or are expecting a big refund from that filing? Or did you end up owing Uncle Sam a lot? Either way, with your most recent taxes fresh in your mind, it's a good time for a paycheck checkup to determine whether you should adjust your payroll income tax withholding.

    May 5: ¡Feliz Cinco de Mayo! Fiestas are always en vogue in Tejas, but the epitome of them is this Mexican holiday.

    Feliz Cinco de Mayo

    No, it is NOT Mexican Independence Day, and May 5 tends to spur more festivities here north of the border, especially when it comes to imbibing margaritas, the Lone Star State's unofficial cocktail. With every Cinco toast, remember that the cost of state and federal alcohol taxes are included in the mixing.

    May 11: Happy Mother's Day!

    Happy Mother's Day

    Your mom meant it when you were young and she told you she didn’t need a gift today. But she definitely will appreciate a longer-than-usual hug on her special day. Love, flowers, and the best of health and happiness to every mother, from the new ones just discovering the joys, tax and otherwise, of new parenthood to those gracefully maneuvering their Golden Years and getting some year-round tax-advantaged help from their families.

    May 12: If your job is as a server at a restaurant or at any other establishment where gratuities from customers are part of your compensation, I hope you get all the tips you deserve for doing your job well. Remember, though, that those tips are taxable income.

    restaurant check tip iStock
    Whether you're dining at your favorite eatery or getting food, groceries and/or prepared meals, delivered to your home, if a tip isn't included on your restaurant or delivery bill, click the image above to calculate how much to tip the person who brought it to you.

    And if you got at least $20 in gratuities in April for your extraordinary services as a food server or hair stylist or parking valet or whatever job where tipping is common, you must report that amount by today, a bit late since the normal 10th of the month deadline fell in May on Saturday. Use Form 4070 to let your employer know the total tips you took in last month.

    May 19: Millions of taxpayers got an extension to file, or automatically got a later Tax Day due to a major disaster declaration. These individuals can still file electronically, which the IRS recommends. E-filing will speed up processing of returns whenever they are filed, as well as help Uncle Sam get refunds out more quickly. And yes, some late filers are due refunds.

    The IRS-Free File Alliance partnership offers no-cost online tax preparation and electronic filing to taxpayers whose adjusted gross income (AGI) is $84,000 or less, regardless of filing status at the official IRS.gov Free File website.

    Even better for eligible late filers, Free File will be available through the Oct. 15 extension deadline, with the same eight software companies that participated last year back for the 2025 filing season.

    IRS Free File; click image for details

    If your income is too high, you still can file for free by using Free File's Fillable Forms option.

    May 23: Millions of Americans will be welcoming the unofficial start of summer this long Memorial Day weekend. It’s also when gasoline prices always seem to increase. Some of the pump price is attributable to fuel excise taxes. If pump prices climb too much, that may prompt you to look more closely into getting an electric vehicle (EV) before your next road trip, and before the current White House and Congress eliminate the potential $7,500 tax credit for some EVs.

    May 26: Yes, the end-of-May long weekend is a time for fun. But don’t forget the real reason for the Memorial Day holiday. Take time to honor the military personnel who made the ultimate sacrifice. And don't forget about their families. There are some tax considerations offered survivors of lost soldiers, sailors, and air crew.

    May 31: You filed your tax return six-plus weeks ago and you’re still waiting on your refund. What the what?! Quit fuming and check your refund’s status using the IRS' "Where's My Refund?" online tracking tool.

    Small Business Tax Calendar: If you run your own company, you know there are myriad important filing, deposit and record keeping dates throughout the year that your company needs to meet. You also can track key business and individual tax deadlines in IRS Pub. 509.

State Tax Help

  • Don't forget your state taxes!
    Forty-two states and D.C. collect personal income taxes. But even if you live in of the eight states without any income levy, you still face other state (and local) taxes.

    State Tax Departments provides links to your state's Web page. The companion page, Tax Tidbits, is the compilation of blurbs about each state's tax laws. And for more state tax news, check out all our state tax bloggings.

Tax Forms


  • Tax Forms
    Thanks to our increased use of tax preparers and computer software, many of us don't see our tax forms until we sign and file them. But knowing what's on these documents, either in paper or digital form, and why the IRS wants it is key to understanding our tax system. And knowledge definitely is power, especially when it comes to tax savings. Find this valuable information in the ol' blog's special Tax Forms 2025 page.

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    You also might enjoy these other tax tips from some of my tax-writing colleagues:

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I gotta tell ya ...

  • AKA Disclaimer:

    I am a professional journalist who has been covering tax issues since 1999. I am not a professional tax preparer.

    The content on Don't Mess With Taxes is my personal interpretation and opinion based on my study and understanding of tax laws, policies, and regulations. It is provided for your private, noncommercial, educational, and informational purposes only. While I work to ensure each post's accuracy, the items are not recommendations of any specific tax action(s) you should or should not take. Similarly, mentions of commercial tax products or services are not endorsements.

    In other words, my ramblings on the ol' tax blog are free advice, and you know what they say about getting what you pay for. That's why when it is time for you to file your own taxes, I urge you to get additional, professional, paid-for guidance from an accountant, Enrolled Agent, or other reputable, qualified tax preparer who is familiar with your individual tax circumstances.

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COVID-19 & Taxes

  • COVID-19
    Coronavirus has wreaked havoc
    on the 2020 and 2021 tax seasons.
    These five Coronavirus (COVID-19) and Taxes pages have details:
    March-July 2020
    August-December 2020
    January-December 2021
    January-December 2022
    …and so it continues into 2023
    …and, alas, into 2024
    It is 2025 and, yes, it's still an issue
    You can find medical coronavirus resource links in the next section.

COVID-19 Resources

  • COVID-19
    Need help finding a coronavirus vaccine in the United States?
    Call 1-800-232-0233
    or TTY 1-888-720-7489.
    More information and resources at:
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    Red yucca and orb spider after April shower. (Photo by Kay Bell)
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Tell it to the Hill

  • DMWT Politics Posts
  • While it's easy to rail at the IRS, for the most part we can thank — or blame — Congress and the White House for our tax laws. So if you have an issue with tax legislation or want a tax bill passed, you need to let your federal legislators and the White House occupant know of your concerns. You can find out who in Washington, D.C., to contact (and how), as well as get information on your local lawmakers for matters, tax or otherwise, closer to home, at USA Gov.
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