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Daily Tax Tips for the week of Jan. 19

January 23, 2015

Finger_pointing to rightWe made it through the first official week of tax filing season 2015!

A lot of folks were champing at the bit to get their 1040s to the Internal Revenue Service on Jan. 20's opening day. Good for them for being obsessive-compulsive so prepared.

Some of us, however, will need a bit longer to complete our annual tax task. Either we're still gathering all the material we need to file, or we're still searching for possible tax breaks, or both.

Daily Tax Tips: Our Daily Tax Tip feature can help whenever you're ready to file, as well as suggest some tax moves to make this year to lower your 2015 tax bill. You'll find a new tip each week day through April 15 over there, as the pointing finger indicates, at the top of the ol' blog's right column.

But just in case you miss one while it's being highlighted, I'm going to post a weekly round-up every Friday. Here's what got the tax spotlight the week of Jan. 19-23:

  1. What's your filing status? (Monday, Jan. 19, 2015)
  2. Tax return filing starts Jan. 20 (Tuesday, Jan. 20, 2015)
  3. Your many e-filing options (Wednesay, Jan. 21, 2015)
  4. 6 tax filing tips for new taxpayers (Thursday, Jan. 22, 2015)
  5. Tax refund loan alternatives (Friday, Jan. 23, 2015)

Earlier tips archived: The tips actually started on Jan. 6; that was the day the Bankrate Tax Guide, of which {shameless plug} I'm contributing tax editor, debuted.

If you missed those first two weeks of tips or you just want to check out any previous tips at your leisure (I know I peruse tax topics in my spare time!), you'll find them collected on special monthly pages.

The January tax tip page is now well under way. February, March and the first half of April pages will show up as those months arrive.

Here's to happy tax tip reading, happier return filing and happiest tax savings!

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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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TAX-SAVVY WAYS 
TO WRAP UP 2026

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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