Laura Saunders

speaker

5,937 appearances 109 recordings 1 series first heard Jul 2017 last heard Nov 2024

Laura Saunders’s voice in public audio — every appearance, attributed to the second.

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If you want to make a charitable contribution and have a deduction for it, you need to make it before December 31st.

If you want to get certain kinds of energy credits, you have to make the investment before December 31st.

December 31st is a big deadline for all kinds of things.

By the time people are thinking about their taxes next spring, it's going to be too late to do much at all.

Now, you can put money into an IRA or Roth IRA next spring, and putting money into an IRA will cut your taxes.

But a lot of the really important things have to be done before year end.

The deadline is December 31st.

You have to make changes before then.

Yes, there is a deadline.

If you want to make a charitable contribution and have a deduction for it, you need to make it before December 31st.

If you want to get certain kinds of energy credits, you have to make the investment before December 31st.

December 31st is a big deadline for all kinds of things.

They have lowered them a little, but not that much.

And so when interest rates go up, the amount on tax underpayments goes up.

A few years ago, that interest rate was only 3%.

Now it's 8% on underpayments.

And that has cost people billions of dollars already.

So people need to pay attention to their withholding if they're employees or to their quarterly estimated tax payments if they're not employees.

You need to check them or use a calculator or talk to a CPA.

There are online calculators from the various tax companies, and you need to make sure that you're paying the 90% by the deadline.

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