Happy Flag Day 2007

June 14, 2007

Today is my late brother’s birthday. It’s also Flag Day. I blogged about that connection on this day last year, so I won’t rehash it now.

But I couldn’t let June 14 go unnoticed, either for Ben Allen or Old Glory.

It seems that this year, sales of the Stars and Stripes are up a bit. The increased interest, according to a story in the Detroit Free Press, is due to citizens replacing worn flags, getting ready for the Fourth of July and showing
support for troops in Iraq and Afghanistan.

Sales hit record levels after the terrorist attacks of Sept. 11, 2001,
notes the article, as well as at the beginning of the Iraq war in 2003. By the next year, though, the number of flag buyers dropped a bit. Retailers say, however, flag sales now appear to be rebounding a bit.

Regardless of why you previously bought or this year will buy a flag, fly it proudly today. My little brother would have gotten a kick out "his" banners.

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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.

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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