Opens in a new tab

Lions, lambs, warning Ides and luck all apply to March taxes

March 1, 2015

Are you a tax lion, aggressively hunting down tax breaks? Or are you a tax lamb, cowering before the complicated Internal Revenue Code?

Lion-and-lamb-March

Whatever your March tax persona, this last full month of the tax-filing season offers plenty of time and ways to cut your 2014 tax bill. It's also a good month to make some moves to lower your coming 2015 tax debt.

Business focus: Business filers need to take care, as the start and middle of the month are critical deadlines.

Farmers and fishermen who didn't make their final estimated tax payment on Jan. 15 must file and pay any due tax by Monday, March 2. 

The next business tax deadline comes about two weeks later. But this year, corporate taxpayers get an extra day. Because the normal March 15 filing deadline for corporations is on Sunday, the tax day this year is Monday, March 16.

Beware, be lucky, be warm: Other special March dates also offer some tax ideas.

We're facing yet another Friday the 13th this month, but don't let it scare you. And don't fall for some common tax myths and misperceptions.

And definitely don't depend on lucky charms to cut you tax bill. Instead, check out these 17 ways to save on your taxes. Even better, they're good even beyond St. Patrick's Day.

Then there's the welcome arrival of spring.

The only thing better than warmer weather is a way to reduce your coming 2015 tax bill. That's a definite possibility when you spring cleaning leads to tax-deductible donations.

March_tax_moves_160More March tax moves: These are just a few ways to deal with your 2014 filing and plan for lower 2015 taxes.

More tax tasks are listed in the March Tax Moves over in the ol' blog's right column.

Just scroll down a bit and look for the red lettering under the countdown clock that's keeping track of how long until we reach the April 15 filing deadline.

And whether you're a lion or lamb, take advantage of all of March's 31 days to make money-saving tax moves.

Share:

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. 

Latest Posts
confused office worker
8 workplace benefits questions to ask this enrollment season

October 26, 2026

Millions of U.S. workers are now deciding what workplace benefits, some of which also offer…

Read More
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.)

Comments
Leave the first comment