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Trading tax places

February 26, 2007

Josh Goodman over at the 13th Floor, the fine blog that keeps track of state government goings-on for Governing magazine, has an interesting item today on how fiscal concerns are forcing some governors to deviate from the expected party paths.

Donkey_elephant_silhouettes_2 One state leader is touting the first budget in six years with no new taxes or tax increases, a veritable property tax relief budget. (Ties in nicely with my earlier post about local fiscal concerns in this area, don’t you think?)

Meanwhile, the other statehouse leader is pointing to the courage required to call for new taxes. For the details on which govs are crossing tax paths, why and what their actions really mean, check out the full 13th Floor post here.

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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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