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Merry Christmas 2020!

December 25, 2020

Or rather, Moooy Christmas!

Cows_4-frame-collage_122420

Christmas cows a-plenty occupy our house each December. At top is a holiday gathering, including a cow, on our hearth. The bottom row, left to right features a moooy mantel decoration, our seasonally festive kitchen cow and a Roku bovine from our nativity. (Photos by Kay Bell)

In our home, we have several indicators that Christmas time is officially here.

I hear Silver Bells somewhere other than my personal holiday play list. We get a card from a friend in a place where we used to live. Our kitchen cow dons her annual holiday wig o’ ribbons.

I’ve been a bovine fan for a long time. I mean, these wonderful creatures give us the basic ingredient for ice cream! They are to be worshiped for that alone.

In addition to the various cow homages that are around the house year-round, cows naturally have special places in our holiday decorations. That means our folk-art style cow has even more company when Christmas rolls around, as shown in the cow collage atop this post.

No tax talk holiday: On most previous Christmas Days, I’ve included a tax comment or a link or two to some holiday-related tax topic in my Dec. 25 post. Not this year.

2020 has been crazy. And scary. And infuriating. And it’s still going on for a few more days. Then we’ll see what 2021 will bring.

Until then, we all deserve a day off from taxes. So on this Dec. 25, 2020, there’s no tax talk.

Simply my wishes to you for Happy Holidays, Merry Christmas, Moooy Christmas 2020.

I hope you are able today to find some love, peace and joy and, if needed, consolation. And I definitely hope that 2021, which will be here in six short days, is a much, much better year.

Take care of yourself and those you hold dear. And enjoy this and every day.

Christmas decorations and greenery

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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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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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