> Get Ready for Taxes: What to Do Before the Tax Year Ends Dec. 31

Get Ready for Taxes: What to Do Before the Tax Year Ends Dec. 31

For most taxpayers, Dec. 31 is the last day to take actions that will impact their 2017 tax returns. For example, charitable contributions are deductible in the year made. Donations charged to a credit card before the end of 2017 count for the 2017 tax year, even if the bill isn’t paid until 2018. Checks to a charity count for 2017 as long as they are mailed by the last day of the year.

Taxpayers who are over age 70 1/2 are generally required to receive payments from their individual retirement accounts and workplace retirement plans by the end of 2017, though a special rule allows those who reached 70 1/2 in 2017 to wait until April 1, 2018, to receive them.

Most workplace retirement account contributions should be made by the end of the year, but taxpayers can make 2017 IRA contributions until April 18, 2018. For 2018, the limit for a 401(k) is $18,500. For traditional and Roth IRAs, the limit is $6,500 if age 50 or older and up to $15,500 for a Simple IRA for age 50 or older. Check IRS.gov for more information about cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2018.

Taxpayers should be careful not to count on getting a refund by a certain date, especially when making major purchases or paying other financial obligations. Taxpayers can take steps now to make sure the IRS can process their return next year.

Taxpayers who have moved should tell the US Postal Service, employers and the IRS. To notify the IRS, mail IRS Form 8822, Change of Address, to the address listed on the form’s instructions. For taxpayers who purchase health insurance through the Health Insurance Marketplace, they should also notify the Marketplace when they move out of the area covered by their current Marketplace plan.

For name changes due to marriage or divorce, notify the Social Security Administration so the new name will match IRS and SSA records. Also notify the SSA if a dependent’s name changed. A mismatch between the name shown on your tax return and the SSA records can cause problems in the processing of a return and may even delay a refund.

Some refunds cannot be issued before mid-February. By law, the IRS cannot issue refunds before mid-February for tax returns that claim the Earned Income Tax Credit or the Additional Child Tax Credit. The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards starting on Feb 27, 2018, if they chose direct deposit and there are no other issues with the tax return.

Some Individual Taxpayer Identification Numbers must be renewed. Any Individual Taxpayer Identification Number not used on a tax return at least once in the past three years will expire on December 31, 2017. Additionally, all ITINs issued before 2013 with middle digits of 70, 71, 72 or 80 (Example: 9XX-70-XXXX) will also expire at the end of the year. As a reminder, ITINs with middle digits 78 and 79 that expired in 2016 can also be renewed. Only taxpayers who need to file a U.S. federal tax return or are claiming a refund in 2018 must renew their expired ITINs. Affected ITIN holders can avoid delays by starting the renewal process now.

Those who fail to renew before filing a return could face a delayed refund and may be ineligible for some important tax credits. More information, including answers to frequently asked questions is available on IRS.gov/ITIN.

Keeping copies of tax returns is important. Taxpayers may need a copy of their 2016 tax return to make it easier to fill out a 2017 tax return. Some taxpayers using a software product for the first time may need to provide their 2016 Adjusted Gross Income, or AGI, to e-file their 2017 tax return.
Taxpayers who do not have a copy of their 2016 return and are existing users can log in to IRS.gov/account if they need their AGI. Otherwise the IRS will mail a Tax Return Transcript if requested online or by calling 800-908-9946. Plan ahead. Allow five to 10 days for delivery. Learn more about identification verification and electronically signing tax returns.

The IRS has a special page on IRS.gov with steps to take now for the 2018 tax filing season.


Events

Socktober - winter sock collection
thru December at Windsor Social Services, LP Wilson Community Center, 599 Matianuck Avenue
Annual Art Exhibition
thru Nov 29 at Windsor Town Hall
Learn to Crochet
Tuesdays at Windsor Public Library
Windsor Junior Woman's Club Meeting
Nov 20 at Union Street Tavern in Windsor Center
Youth In Action 2018 - 2019
Tuesdays at 330 WIndsor Ave Community Center
Fencing Class
Nov 21 at LP Wilson Community Center
Bring Your Gadgets to the Geeks
Nov 21 at Windsor Public Library
Tacos and Trivia
Nov 21 at The Tavern at Keney Park
Book signing -local author!
Nov 23 at 1073 Palisado Ave
Full Moon Hike at Northwest Park
Nov 23 at Northwest Park & Nature Center
All you can eat Prime Rib
Saturdays at The Tavern at Keney Park
Georgraphy books!
Nov 24 at 1073 Palisado Ave
Small Business Saturday
Nov 24 at Windsor's Small Businesses
Weekend Workshop: Custom Woods Sign
Nov 24 at Windsor Public Library
The Breakfast Club & Brunch All Day
Sundays at The Tavern at Keney Park, 171 Windsor Avenue Windsor CT 06095
Fencing Class
Nov 26 at LP Wilson Community Center
Mobile Mammography
Nov 26 at LP Wilson Community Center, 599 Matianuck Ave., Windsor, CT 06095
How to Plan and Pay for College
Nov 27 at Windsor Public Library
Learn to Crochet
Tuesdays at Windsor Public Library
Monday Morning Book Club
Nov 27 at Windsor Public Library
Youth In Action 2018 - 2019
Tuesdays at 330 WIndsor Ave Community Center
Fencing Class
Nov 28 at LP Wilson Community Center
Bring Your Gadgets to the Geeks
Nov 28 at Windsor Public Library
Brazilian Jazz - Windsor Art Center
Nov 29 at Windsor Art Center
Festival of Wreaths
Nov 29 at Kimberly Hall North
Modern Calligraphy Workshop
Nov 29 at Windsor Public Library
Christmas at Ellsworth Homestead
Nov 30 at Ellsworth Homestead, 778 Palisado Ave, Windsor
Down South Saturdays
Saturdays at The Tavern at Keney Park
Holiday Gift Card
thru Dec 31 at Menchie's Frozen Yogurt 1095 Kennedy Road Windsor, CT
MSSC Holiday Craft and Vendor Fair
Dec 1 at Poquonock Community Church 1817 Poquonock Ave.
Brunch with Santa
Dec 2 at The Tavern at Keney Park
Cookies with Santa
Dec 2 at Windsor Fire Station 340 Bloomfield Ave Windsor, Ct 06095
The Breakfast Club & Brunch All Day
Sundays at The Tavern at Keney Park, 171 Windsor Avenue Windsor CT 06095
Fencing Class
Dec 3 at LP Wilson Community Center
Learn to Crochet
Tuesdays at Windsor Public Library
Still Young Book Club
Dec 4 at Union Street Tavern, 20 Union Street
Youth In Action 2018 - 2019
Tuesdays at 330 WIndsor Ave Community Center
Fencing Class
Dec 5 at LP Wilson Community Center
Bring Your Gadgets to the Geeks
Dec 5 at Windsor Public Library
Chasing the Dragon Documentary
Dec 5 at Windsor High School Auditorium 50 Sage Park Road, Windsor CT
Holiday Business Breakfast
Dec 5 at Hartford/Windsor Marriott
Handler & Levesque Joy to the World
Dec 7 at Windsor Art Center, 40 Mechanic St, Windsor, CT
Carol Sing & Torchlight Parade
Dec 8 at Windsor Town Green
Down South Saturdays
Saturdays at The Tavern at Keney Park
Home Alone Safety Class
Dec 8 at 330 Windsor Avenue Community Center
Multicultural Vendor Fair
Dec 8 at 25 Sage Park Road, WIndsor, CT
Public Flu Vaccination Clinic
Dec 8 at Windsor Town Hall, 275 Broad Street, Windsor
Sage Park PTO Vendor Fair
Dec 8 at Sage Park Middle School
Windsor Art Ctr Holiday Art & Craft
Dec 8 at Windsor Art Center, 40 Mechanic St, Windsor
WWII book sale
Dec 8 at 1073 Palisado Ave
The Breakfast Club & Brunch All Day
Sundays at The Tavern at Keney Park, 171 Windsor Avenue Windsor CT 06095
Windsor Art Ctr Holiday Art & Craft
Dec 9 at Windsor Art Center, 40 Mechanic St, Windsor
Fencing Class
Dec 10 at LP Wilson Community Center
Holiday Movie
Dec 11 at Windsor Public Library
Learn to Crochet
Tuesdays at Windsor Public Library
Meet Santa & Menchie
Dec 11 at 1095 Kennedy Road Ste, 7B Windsor, CT 06095
Youth In Action 2018 - 2019
Tuesdays at 330 WIndsor Ave Community Center
Fencing Class
Dec 12 at LP Wilson Community Center
Bring Your Gadgets to the Geeks
Dec 12 at Windsor Public Library
Alzheimer's Support Group
2nd Thursdays at Kimberly Hall North
Reading Challenge
Dec 13 at Windsor Public Library
Down South Saturdays
Saturdays at The Tavern at Keney Park
The Breakfast Club & Brunch All Day
Sundays at The Tavern at Keney Park, 171 Windsor Avenue Windsor CT 06095
Fencing Class
Dec 17 at LP Wilson Community Center
Monday Morning Book Club
Dec 17 at Windsor Public Library
Learn to Crochet
Tuesdays at Windsor Public Library
Youth In Action 2018 - 2019
Tuesdays at 330 WIndsor Ave Community Center
Fencing Class
Dec 19 at LP Wilson Community Center
Bring Your Gadgets to the Geeks
Dec 19 at Windsor Public Library
Ukulele for Beginners-B
Dec 19 at Windsor High School J113
Down South Saturdays
Saturdays at The Tavern at Keney Park
The Breakfast Club & Brunch All Day
Sundays at The Tavern at Keney Park, 171 Windsor Avenue Windsor CT 06095
Fencing Class
Dec 24 at LP Wilson Community Center
Youth In Action 2018 - 2019
Tuesdays at 330 WIndsor Ave Community Center
Fencing Class
Dec 26 at LP Wilson Community Center
Down South Saturdays
Saturdays at The Tavern at Keney Park
The Breakfast Club & Brunch All Day
Sundays at The Tavern at Keney Park, 171 Windsor Avenue Windsor CT 06095
Fencing Class
Dec 31 at LP Wilson Community Center
Youth In Action 2018 - 2019
Tuesdays at 330 WIndsor Ave Community Center
Fencing Class
Jan 2, 2019 at LP Wilson Community Center
Bring Your Gadgets to the Geeks
Jan 2, 2019 at Windsor Public Library
Windsor Business Connections
1st Wednesday unless noted
The Breakfast Club & Brunch All Day
Sundays at The Tavern at Keney Park, 171 Windsor Avenue Windsor CT 06095
Fencing Class
Jan 7, 2019 at LP Wilson Community Center
Learn to Crochet
Jan 8, 2019
Youth In Action 2018 - 2019
Tuesdays at 330 WIndsor Ave Community Center
YPW Meeting
2nd Tuesdays at 261 Broad Street, Windsor
Fencing Class
Jan 9, 2019 at LP Wilson Community Center
Bring Your Gadgets to the Geeks
Jan 9, 2019 at Windsor Public Library
Business After Hours
Jan 9, 2019 at Tavern at Keney Park
Alzheimer's Support Group
2nd Thursdays at Kimberly Hall North
The Breakfast Club & Brunch All Day
Sundays at The Tavern at Keney Park, 171 Windsor Avenue Windsor CT 06095
Fencing Class
Jan 14, 2019 at LP Wilson Community Center
Jan's Sewing Hour
Jan 15, 2019 at Windsor Public Library
Learn to Crochet
Jan 15, 2019
Windsor Junior Woman's Club Meeting
Jan 15, 2019 at Union Street Tavern in Windsor Center
Youth In Action 2018 - 2019
Tuesdays at 330 WIndsor Ave Community Center
Fencing Class
Jan 16, 2019 at LP Wilson Community Center
Bring Your Gadgets to the Geeks
Jan 16, 2019 at Windsor Public Library
Botanical Illust. Poster Hanging
Jan 17, 2019 at Windsor Public Library
Botanical Illust. Poster Hanging
Jan 19, 2019 at Windsor Public Library