Tax moves to make in February 2012

February 1, 2012

Ah, February. Such a short month, but so many tax moves to make in these 29 days.

That's right, 2012 is a Leap Year, providing us with an extra day to go along with the already extended filing deadline of April 17.

February_tax_moves_160If you're prepared, you should be able to make each of February's days count toward cutting your 2011 tax bill.

There are the perennial tax tasks of making sure you get all the statements you need to complete your Form 1040.

And don't forget about adjusting your withholding if you discover you had too much or too little payroll tax taken out of your paychecks last year.

But also note the other tax considerations prompted by the many February holidays.

Valentine's Day, for example, should remind you not only to get your sweetheart a nice gift, but also to look at how you file your taxes if you're married.

Or if Cupid's holiday is not so happy in your house, don't forget about the tax implications of divorce.

Those are just a few tax tasks you can take care of this month. You can find more in in the February Tax Moves listed over in the ol' blog's left column.

Just scroll down a bit and make this shortest section of the calendar come up big for you at tax time.

You also might find these items of interest:

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We made it. Tax Day 2025 is finally over. For most of us. When the filing season started on Jan. 26, millions who were expecting refunds filed immediately. Most of us got our returns to the Internal Revenue Service by April 15. But plenty of taxpayers also got extensions. They are looking at an Oct. 15 filing deadline.

Those procrastinating filers aren’t a problem. In fact, the IRS appreciates taxpayers who take time to fill out their 1040 forms correctly. It also is grateful that tax submissions are spread out a bit, especially now that the IRS is a leaner agency. Processing returns is easier when they arrive throughout the year instead of in massive bunches.

But enough about Uncle Sam’s tax collection issues. The focus now is on all y’all who filed for extensions, giving you another six months to complete your return. Since your new mid-October due date will be here before you know it, let’s get started now on meeting it.

The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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