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Tax moves to make in September 2011

September 1, 2011

How did this happen again?! Summer is gone, at least according to the daily tasks that most of us face. Kids are back in school. No more long vacation trips. Yes, September is here.

September_tax_moves_160 Sorry that it's back to the grind, for you and your families. And I hate to add one more thing to your already overflowing to-do list, but…

That's right. There are some tax tasks you need to think about.

It's time to get your home in shape for the coming colder weather. Home energy improvement tax credits are smaller this year, maxing out at $500, but that's still a help. Other residential upgrades will help make your place more livable now and ensure a good tax break when you sell.

Work related tax considerations include evaluating your withholding and taking full advantage of your medical spending account.

And about those kids in elementary school classrooms, they'll be thinking about college before you know it. You need to start saving now so you can afford to send them to the university you want them to attend. The tax code can help.

Those are just a few of the tax moves you should look into that could help reduce what you owe the Internal Revenue Service bill when you file your 1040 next year.

Check out the complete list in the September Tax Moves detailed over in the ol' blog's left column. Just scroll down a bit and voilà! You've got lots of other tax-savings suggestions to keep you busy this month.

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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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