The tax-filing due date for the 2015 tax year is Monday, April 181,which is not the usual date we’ve all come to love and hate. Due to Washington D.C.’s recognition of Emancipation Day, we have an extra business day to get it together and make sure we’ve accurately represented our 2015 financial revels in our tax filing. Although we may have a few extra days to prepare our filings, nobody wants to spend weekends pushing paper and worrying about taxes. With that in mind, preparation is key. Here are a few items you may want to be aware of as we slide into the home stretch of tax season:
1Residents of Maine and Massachusetts have until April 19, 2016, to make 2015 IRA contributions due to the Patriot Day holiday celebrated in those states.
Source: "Retirement Topics - IRA Contribution Limits." Topics for Retirement Plans. Internal Revenue Service, 23 December 2015.
If you have any additional questions, please feel free to contact Retirement Strategies Group at (800)722-2333, ext. 3939, or e-mail us at RSG@PacificLife.com.
Pacific Life, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.
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