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Texas, taxes. Close enough on National Flip Flop Day

June 17, 2016

Texas taxes close enough flip flops beach

It's National Flip Flop Day. 

Or flip-flop if you're into hyphenates.

Or thong, which is what we called these sandals when I was a kid, way before the revealing and seemingly uncomfortable swimsuits of that name were invented, or at least known in my small West Texas hometown.

Political flipping, flopping, flailing: Flip flopping also is associated with politicians, as in reversing positions on issues, either strategically or by mistake or ….

A recent example is the presumptive Republican presidential nominee. Donald Trump seems to say something outrageous every day.

But for purposes of the ol' blog on Flip Flop Day 2016, we'll go with The Donald contradicting himself on taxes for the wealthy in two interviews hours apart back in May.

Trump walked back – presumably in closed-toe shoes — his tax hike comments after being called on the flip flop. But the damage was done. The damning political double F word had been uttered.

But enough of political tax talk on this special footwear day.

Whichever iteration of flip flop you prefer, enjoy it by giving your toes a little freedom and warm summer sun.

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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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