With everything that happened earlier this year the IRS delayed normal deadlines for filing and paying taxes from April 15th to July 15th. This delay was part of Notice 2020-18 and below are items that need be done by next Wednesday, July 15th.
1. File taxes for 2019 – You can file an extension if needed.
2. Pay taxes for 2019 – If you file an extension be aware your payment is still due if you owe.
3. Make HSA contributions for 2019 (limit of $3,500 for individuals and $7,000 for families).
4. Make Traditional and Roth IRA contributions for 2019 ($6,000 + $1,000 catch up if over 50 and subject to income limitations).
If you have any questions please talk with your tax advisor or contact us at financialplanning@bfsg.com.
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