New IRS Tax Deadlines, Facts About Social Security Taxes, Is the IRS Open on Presidents Day?

Presidents Day and the IRS: Four Things You Need to Know | These States Have IRS Tax Deadline Extensions | Who s Named First on Your Income Tax Return? Created for {EMAIL} | [Web Version]( February 18, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Youtube]( [Tax Tips]( [SIGN UP]( ⋅ [WEBSITE]( [] The IRS [] [Presidents Day and the IRS: Four Things You Need to Know]( [Presidents Day and the IRS: Four Things You Need to Know]( (Getty Images) As Presidents Day arrives and the 2024 tax season ramps up, millions of people across the country are getting ready to file their federal income tax returns. This is also a busy time for the IRS, with Commissioner Danny Werfel noting a significant uptick in phone calls around this time of year. He stressed the importance of providing efficient taxpayer service and mentioned that the agency has been working hard to make it easier for people to reach them. So, to make your way through tax season more smoothly, from tracking your refund to finding a reliable tax preparer and filing your taxes for free, [here's what you need to know about dealing with the IRS in the weeks surrounding Presidents' Day](. [] Tax Deadlines [] [These States Have IRS Tax Deadline Extensions]( [These States Have IRS Tax Deadline Extensions]( (Getty Images) This year, April 15th is Tax Day for most people in the U.S. However, in the event of severe storms and natural disasters, the IRS may announce tax deadline extensions for certain states. These extensions may vary depending on the state, and it's worth noting that some states may choose not to align their state tax deadlines with extended federal tax deadlines. Still, if you are located in an impacted area, it's important to be aware of tax deadline extensions for 2023 federal income tax returns. [Here is a list of currently affected states (more will be added throughout tax season), along with other details you need to know](. [6 Common Retirement Planning Myths]( Financial myths can make it difficult to plan your retirement — and then stick to that plan. When mapping out your retirement years, it's critical to have the right information. [READ MORE]( ADVERTISEMENT [] In the News [] [Who’s Named First on Your Income Tax Return?]( [Who s Named First on Your Income Tax Return?]( (Getty Images) A recent study by the University of Michigan, which analyzed data from the U.S. Treasury Department, has raised questions about whether the order in which names appear on a federal income tax return can reveal significant information about individuals and their partners. The research suggests that putting the man's name first on a tax return (before the woman's name) may indicate various factors such as political and gender attitudes, risk tolerance, and fear of tax noncompliance. Do these findings have practical implications? Additionally, who should be listed first on a joint filing, according to the IRS? [Keep reading here to learn more](. Featured Content Sponsored Content from The Kiplinger Tax Letter [Stop Overpaying on Your Taxes.]( 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]( [] Tax Breaks [] [Tax Savings for Parents of Children With Disabilities]( Raising children with disabilities can be expensive. For instance, according to the advocacy organization Autism Speaks, lifetime expenses for individuals with Autism can reach up to $2.4 million. Raising dependents with other disabilities may cost even more. Adding a high tax bill to this already expensive cost can be a significant burden for many families. Though the IRS doesn’t offer a specific tax credit for children with special needs, some caregivers may be able to lower their tax bills by taking advantage of certain federal tax credits and deductions. [Consider These]( [Ask a Pro: Should I Convert My IRA to a Roth after age 60?]( Ask a pro. Try this free tool to get matched with up to 3 vetted financial advisors serving your area who can help answer your questions and work towards a comfortable retirement. Get your financial advisor matches today. [LEARN MORE]( ADVERTISEMENT [] In Case You Missed It [] [What to Know About Taxes on Social Security]( There is often confusion and misinformation about taxes on Social Security benefits. Many believe that Social Security benefits are entirely tax-free, but this is not true. Depending on your income, up to 85% of your Social Security benefits may be taxable. The amount of tax you need to pay varies, which is why it is essential to understand how Social Security taxes work and how they can affect your finances. So, in case you missed it, here are five things to know about taxes and Social Security. [Read More]( [Out Of This World Stock Picks]( Sign up today and get instant access to our next stock alert! You do not want to miss out on this next pick! Our stock picks have been known to soar! [LEARN 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. 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