Tax & Financial Planning Calendar for January 2019

Month Income Taxes Saving and Investing
  • 4th quarter 2018 estimates due 1/15/19
  • Expect to receive W-2s and 1099s by January 31, 2019
  • Review your withholdings for 2019, and, if necessary, file a new W-4 Form with your employer to adjust your withholding
  • Prepare a W-2 for your Nanny by January 31st if you paid the nanny more than $2k in 2018

  • Establish a savings and debt reduction goals for the year
  • Try to increase your monthly contributions to your 401(k) or 403(b) plans.  The maximum annual contribution for 2019 is $19,000.  Anyone 50 or older can contribute an extra $6,000
  • Automatically transfer $500 per month from your checking account into a Roth or Traditional IRA, and $1,250 per month into a 529 Account for each of your children
Posted in 2019 January News

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s