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Daily Tax Tip: Get ready to file your taxes

January 5, 2011

Welcome to tax filing season 2011!

I know all y'all are as excited about this time of year as I am.

OK, so maybe not as excited. But if you're expecting a refund, you'll probably want to file your 2010 return as soon as possible.

The ol' blog wants to help you get your refund quickly or reduce what you owe Uncle Sam. So we're once offering a tax tip a day to help send tax savings your way.

Or to keep the IRS auditor at bay. Or whatever tax-related rhyme you can come up with yourself!

Tax_tip_icon_pencil_point The Daily Tax Tip for 2011 feature kicks off right now with a look at 7 ways to get organized.

Check back each day from now until the April 18 filing deadline (yes, we get three extra days to complete our tax-filing duties this year) for a quick tip.

Most will offer suggestions on how to make doing your 2010 taxes easier, but we'll also offer some strategies you can implement to help reduce your 2011 IRS bill.

You'll find a new tip each day (yes, Saturdays and Sundays, too!) in the upper right corner of Don't Mess With Taxes' main page.

Most of the tips will be courtesy of features I've written/will write for this year's version of Bankrate's annual tax guide. A few, though, will be original posts from the ol' blog.

Whatever the source, I'll try to post the Daily Tax Tip early, although I must point out that "early" is a relative term. But I promise it will be on the ol' blog before noon Central time.

I know, I know; I cut it close today, but I had a lot of set-up work to do!

And if you miss one, no worries. Just bookmark Daily Tax Tips 2011, the blog page where you'll find the running list of the filing season's daily hints and tax-saving tidbits.

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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