Today is April 15th or, for those of us in the USA, Tax Day. Except it is also Emancipation Day in Washington, DC and so the IRS has extended the tax deadline for this year until Monday. If (like me) you are a last minute filer and still haven’t clicked the e-file button or stamped the envelope this weekend might be a bit hectic. Whether you’re in a last minute scramble or just excited that another tax season is (almost) behind us here are a few things to do with this mini tax-extension weekend:
1. Now that the hecticness of gathering your forms and receipts, crunching numbers and wondering just how exactly such a crazy, complicated, [insert adjective of your choice here] system got put into place, take some time to de-stress.
2. The end of tax season, whether you over or under paid, is cause for celebration and, apparently, you can get some freebies and discounts to help out.
3. Research your candidates. Taxes are a hot topic in Presidential and local elections. While we don’t recommend voting based on one fact alone, we do recommend you vote. Right now you have a pretty good insight into what your personal finances and tax information looks like, so take some time to research where the candidates stand on policies that could impact you.
4. For the refund fortunate: Figure out how you’re going to spend that lovely check. Will the IRS take you out for a nice dinner? Pay for your next trip? Or does your savings account or credit card bill need a bit of help?
5. For the taxpayers: If your checking account took a hit because you owed more taxes than anticipated, take this time to re-evaluate your money situation. Do you need to have a little more taken out of each paycheck to avoid a repeat occurrence next year? Do you want to bulk up your savings? Check out some budgeting basics and remember it’s always a good idea to continually re-evaluate and re-plan when it comes to your budget.
Tell us: how will you spend this tax weekend? In celebration and exaltation, or in misery and number crunching despair?