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No day off for tax advice: March’s first weekly tip round-up

March 7, 2015

Life. It just keeps keeping on (if we're lucky!).

For most of us, our day-to-day activities fall into a predictable routine. Sometimes, though, the daily route detours.

That's what happened yesterday, as the hubby had an unexpected day off. So I took time off, too, to enjoy the down time with him … not, as he jokingly — I'm pretty sure he was joking! — said, to make sure he didn't have too much fun!

Ferris Bueller day off quoteClick image to watch a video of Ferris Bueller's sage advice about enjoying a day off.

And that meant that I didn't get around to posting last week's list of Daily Tax Tips.

So, better a day late than never, is the tax advice for March 2 through March 6:

  1. Determining your tax dependents (Monday, March 2, 2015)
  2. Child and dependent care credit (Tuesday, March 3, 2015)
  3. Hobby or business? (Wednesday, March 4, 2015)
  4. Simpler home office deduction (Thursday, March 5, 2015)
  5. Avoid these 10 common tax mistakes (Friday, March 6, 2015)

These five items kick off a new monthly collection, tracked on the ol' blog's March tax tips special page.

You can check out the page if you miss an individual tax tip when it's posted each week day in the upper right corner of the ol' blog's home page, or if you, too, find yourself deviating from your daily tasks and miss an end-of-week round-up.

And if you want even more tax info, there are the January and February tax tip pages.

As for me, my life is back on schedule this Saturday. I'm making my regular visit to my mother — whom I could, as last Monday's tax tip notes, claim as a dependent if she'd let me cover some more of her expenses, but she's just too freakin' self-reliant even at age 80! — and it's time for us to run some errands.

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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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