Halloween isn't the only scary thing about October.
Millions face the final tax filing extension deadline this month.
Sure, the last day of this month is when ghouls and goblins — OK, youngsters in costumes and their sometime sillier-attired parents — take over neighborhoods. But before we get there, there are myriad tax deadlines that must be met in October.
The biggie, of course, is the Monday, Oct. 17 due date for the millions each year who get an extension to file their tax returns. Yes, it's a couple of days later this year than the usual Oct. 15 deadline. That's because the 15th is on Saturday, pushing the deadline to the next business day.
If you're still working on your 2021 return, I'll toss into the October tips mix a couple of items that ran earlier this year. The calendar pages flip, but when it comes to filing, the tax advice remains the same whether your deadline is in April or October.
And if you've had to deal with a major natural disaster, you'll find some info on how the tax code could help out, as well as new tax deadlines from the Internal Revenue Service.
Done with 2022, planning for 2023: October marks the start of the tax year's final quarter, making it a good time to make moves that can help reduce your already accruing 2022 tax liability.
You'll find some of those tax tips here this month, after they spend some time in the tax saving spotlight at the upper right corner of the ol' blog.
OK, are you ready? Then grab your pumpkin spiced beverage and let's get to them!
- Beware post-disaster relief, repair scams — Two things are for sure after hurricanes. First, the doctored social media posts of sharks swimming along flooded roads, and second, land sharks, aka predatory scammers, show up trying to take advantage of folks who just endured a disaster. Don't fall for either. Get real help, tax and otherwise. (Oct. 1, 2022)
- Don't fall for disaster charity scams — If you want to help with Hurricane Ian recovery efforts, make sure your charitable donations go to real nonprofits, not scam charities. (Oct. 2, 2022)
- 2/15/23 is new tax deadline for Florida hurricane victims — As usual in major disaster situations, the Internal Revenue Service has granted tax relief to Floridians in the wake of devastating Hurricane Ian. The Sunshine State joins Puerto Rico, which was hit by Hurricane Fiona, and some Mississippians, who are dealing with Jackson's water crisis, in now facing a Feb. 15, 2023, deadline. (Oct. 3, 2022)
On a sugar buzz from eating all your kiddos' candy? Put some of that energy to good tax use by checking out the prior monthly tax tips. If you're checking before Oct. 17, you'll find tax tidbits to help you finish your 1040. If you perusing post-extension deadline, there are some tips to help make the 2023 filing season less of a hassle.
But if you're thinking of clicking on the two months yet to come, all you'll find on the November and December pages is a GIF of a man enthusiastically telling us to slow down, or as we say here in Texas, Whoa Up!
I know you want to see him, so go ahead and click. Then come back later. That animated fellow will be replaced by timely tax tips when the calendar finally flips to those remaining 2022 months.