- April 1
Take Your Require Minimum Distribution
You generally have to start taking withdrawals from your IRA, SEP IRA, SIMPLE IRA, or retirement plan account when you reach age 70 ½ . Roth IRAs do not require withdrawals until after the death of the owner.
- April 18
Federal Tax Filing Deadline
The filing deadline and due date for Federal Income Tax Returns is April 18th.
- April 30
Deadline to File and Suspend Social Security Benefits
By May 1st, no one will be able to collect Social Security benefits during a suspension period, and the ability to request a lump-sum payout of suspended benefits will disappear. You have until then to file and suspend Social Security benefits under existing rules for anyone 66 or older.
- June 15 and September 15
Deadline for Quarterly Taxes
Second and Third quarterly tax payments are due.
- October 15
Open Medicare Enrollment Begins
Medicare Part D prescription drug plans will end December 7th. Retirees should review their coverage and shop for the best-priced plans because plans can change their list of covered drugs and prices from year to year.
- December 31
Deadline for End-Of-Year Tax Moves
You must take annual required minimum distributions from retirement plans, make any charitable donations that qualify for a tax deduction, as well as selling depreciated securities that can be used to offset investment gains.
- Content prepared by Annie Albrecht, Worley Erhart-Graves Financial Advisors