Nine April 15 Tax Deadlines? Calculating Social Security Taxes, Most-Overlooked Credits and Deductions

There s More Than One Tax Deadline for April 15 | Calculating Taxes on Social Security Benefits | Long-Term Care Expenses: Could a New Tax Help You? Created for {EMAIL} | [Web Version]( April 7, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Youtube]( [Tax Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] Tax Day [] [There’s More Than One Tax Deadline for April 15]( [There s More Than One Tax Deadline for April 15]( (Getty Images) For those of you who haven’t finished working on your taxes, the deadline for filing federal income tax returns (Tax Day) is approaching quickly — Monday, April 15. However, did you know that several other tax deadlines also fall on that same day? Failing to meet these deadlines could result in the loss of tax savings, and not adhering to others may lead to IRS penalties. To avoid either consequence, it's important to know details about [nine other tax deadlines for April 15, 2024](. [] Taxes in Retirement [] [Calculating Taxes on Social Security Benefits]( [Calculating Taxes on Social Security Benefits]( (Getty Images) When you feel you have paid taxes on much of your income over the years, it may be surprising to hear that Social Security benefits are not entirely tax-free. Depending on your income, up to 85% of your Social Security benefits can be taxed. That includes retirement benefits and benefits from Social Security trust funds, such as disability and survivor benefits, but not Supplemental Security Income (SSI). So, it's important to understand how Social Security taxes are calculated. [Here is some information to get you started](. [It's Not Too Late to Open an IRA]( Did you know you can save for retirement at the same time you care for the planet? Open or roll over an IRA with Domini, and you'll get both a tax advantage and help to mitigate climate change too—all of our Funds are fossil fuel-free in accordance with our investment standards. 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Then save up to 58% off the cover price to subscribe, and get exclusive special issues such as New Tax Rules This Year, Year-End Tax Planning, or other topics. [CLICK HERE]( [] Homeownership [] [Most Expensive States to Live in (For Homeowners)]( Buying a house can be a costly affair. You need to save up for a down payment and closing costs, and you will have to make mortgage payments for a considerable amount of time. Even if you manage to pay off your mortgage, you will still have to manage property taxes. Property taxes are an expense many homeowners have to pay for the rest of their lives. Some states, like the ones on this list, have particularly high median property tax bills, which makes them the most expensive states to live in for homeowners. [Read More]( [Smart Money Moves: How to Beat the 2025 Tax Changes]( Navigate post-tax changes effortlessly. This guide unlocks tangible savings, tailoring financial security to your wealth. Expert advice can create a confident and stable future. [READ MORE]( ADVERTISEMENT [] In Case You Missed It [] [Often Overlooked Tax Breaks]( The 2024 tax season is well underway, and if you don't have a valid extension from the IRS, you need to file your 2023 federal income tax return by April 15th this year (that’s next week!). But before you file, consider some frequently overlooked tax deductions and credits. Since deductions are subtracted from your income, claiming these tax breaks, if you qualify for them, could lower your tax liability or in some cases, result in a tax refund. Remember that some tax deductions on this list require you to itemize rather than take the standard deduction. [Read More]( [Potentially Save Money on Taxes with These 8 Strategies]( Consider these actions throughout the year to help reduce the amount you owe in taxes. The sooner you start preparing for the tax season, the more flexibility you'll likely have to pursue tax strategies that could potentially benefit you. [READ MORE]( ADVERTISEMENT [] STOP OVERPAYING ON YOUR TAXES [] [STOP OVERPAYING ON YOUR TAXES]( (Kiplinger) Get a [FREE ISSUE of The Kiplinger Tax Letter]( and never pay one cent more than necessary on your taxes, for yourself, your business, or your clients. Then [save up to 58% off the cover price]( to subscribe, and get exclusive special issues such as New Tax Rules This Year, Year-End Tax Planning, or other topics. [CLICK HERE]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. 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