2018 is right around the corner, and that means two things: it’s time to buy a new calendar, and tax season is almost here. Once you have that new planner (or your phone calendar!) handy, check out these important tax dates and deadlines. Mark these dates so you don’t forget!
Open Enrollment for Marketplace Insurance: November 1, 2017- December 15, 2017
If you need Marketplace health insurance for 2018 you have to enroll through the Health Insurance Marketplace by December 15, 2017. Want your coverage to take immediate effect by the New Year on January 1, 2017? Select your plan by December 15, 2017.
Deadline to Maximize Your 401K Contributions: December 31, 2017
Whether you are self-employed or work for an employer, you have until the end of the year to maximize your 401K contributions, saving you money for retirement and on your taxes.
W-2s and 1099-Misc Start to Arrive: January 31, 2018
You should start seeing your W-2s and 1099s arrive in the mail.
Tax Year 2017 Tax Deadline: April 17, 2018
It’s the big day! Individual tax returns are due for Tax Year 2017, so be sure e-file or postmark your individual tax returns by midnight local time. The regular tax return filing deadline is April 15. However, due to April 15 being on a Sunday and the Washington D.C. Emancipation Day holiday being observed on April 16, Tax Day is on the following Tuesday.
Last Day to make a 2017 IRA Contributions: April 17, 2018
It’s not just Tax Day! If you haven’t maxed out your IRA contribution for 2017, you can make contributions to an IRA by April 17, 2018, to lower your 2017 taxable income!
Self-Employed? Know Your Quarters!
4th Quarter 2017 Estimated Tax Payment Due: January 16, 2018*: If you are self-employed or have other fourth-quarter income that requires you to pay quarterly estimated taxes, make sure your payment is postmarked by January 16, 2018.
1st Quarter 2018 Estimated Tax Payment Due: April 17, 2018: If you are self-employed or have other first-quarter income that requires you to pay quarterly estimated taxes, send in your first quarter estimate by April 17, 2018.
2nd Quarter 2018 Estimated Tax Payment Due: June 15, 2018
3rd Quarter 2018 Estimated Tax Payment Due: September 17, 2018
*Recent hurricane victims have until January 31st to pay their 2017 3rd and 4th quarter estimated tax payments and victims of the recent California wildfires have until January 31, 2018 to pay their 2017 4th quarter estimated taxes.