> 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.


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May 19 at James Selig Estate Jewelry and Antiques
Learn to Crochet
Tuesdays at Windsor Public Library
The Teen Brain & Risk Taking
May 22 at LP Wilson Community Center, 599 Matianuck Ave
Bring Your Gadgets to the Geeks
Wednesdays at Windsor Public Library
Ukulele for Beginners-B
May 23 at Windsor High School J113
Breakfast at the High School
May 24 at Windsor High School
Northwest Park"Nature Book Club"
4th Thurday of the month at Northwest Park, 145 Lang Road, Windsor, CT 0695
#tbt movie series
May 24 at Windsor Public Library
Wow! Art After School Program
May 24 at Windsor Art Center Studios
Book Babies
Fridays at Windsor Public Library
Date Night BOGO 1/2 Off
Fridays at Menchie's Frozen Yogurt 1095 Kennedy Rd Windsor, CT 06074
Blood Drive
May 26 at 153 Broad Street in Windsor Center
Dinner under the Stars
Saturdays in May at Tavern at Keney Park 171 Windsor Ave Windsor, CT
Landscape Element: Painting Trees
May 26 at Windsor Art Center
The Breakfast Club & Brunch All Day
Sundays at The Tavern at Keney Park, 171 Windsor Avenue Windsor CT 06095
Senior Citizen Day at Menchie's
May 28 at Menchie's Frozen Yogurt
Talk & Toys
May 28 at Windsor Public Library
Young Artists' After School Class
May 28 at Windsor Art Center Studios
Learn to Crochet
Tuesdays at Windsor Public Library
Bring Your Gadgets to the Geeks
Wednesdays at Windsor Public Library
Buffet Dinner on the Patio
May 30 at Tavern at Keney Park 171 Windsor Ave Windsor, CT
Wow! Art After School Program
May 31 at Windsor Art Center Studios
Fearless Fluids in Acrylics or Wate
Jun 2 at Windsor Art Center
The Little Black Dress Fashion Show
Jun 2 at The Hilton Garden Inn 555 Corporate Drive Windsor CT
The Breakfast Club & Brunch All Day
Sundays at The Tavern at Keney Park, 171 Windsor Avenue Windsor CT 06095
Windsor Golf Tournament
Jun 4 at Keney Golf Course in Windsor
Young Artists' After School Class
Jun 4 at Windsor Art Center Studios
Learn to Crochet
Tuesdays at Windsor Public Library
Bring Your Gadgets to the Geeks
Wednesdays at Windsor Public Library
Senior Variety Show!
Jun 6 at L.P. Wilson Auditorium-Windsor Senior Center
Windsor Business Connections
1st Wednesday unless noted
FREE Genealogy Support Group
Jun 7 at Windsor Historical Society
Still Young Book Club
Jun 7 at Get Baked 20 Central Street
Wow! Art After School Program
Jun 7 at Windsor Art Center Studios
Holy Temple Health & Wellness Day
Jun 9 at 691 Windsor Avenue, Windsor, CT 06095
Windsor Treasure Hunt Townwide Tag
Jun 9 at All over Windsor
The Breakfast Club & Brunch All Day
Sundays at The Tavern at Keney Park, 171 Windsor Avenue Windsor CT 06095
Learn to Crochet
Tuesdays at Windsor Public Library
YPW Meeting
2nd Tuesdays at 261 Broad Street, Windsor
Bring Your Gadgets to the Geeks
Wednesdays at Windsor Public Library
Alzheimer's Support Group
2nd Thursdays at Kimberly Hall North
Summer 2018 Kickoff Lawn Party
Jun 16 at Windsor Public Library
WIN-TV's Dom's Fundraiser
Jun 16 at Dom's Broad Eatery 330 Broad Street
Father's Day BBq
Jun 17 at The Tavern at Keney Park.. 171 Windsor Avenue Windsor CT 06095
The Breakfast Club & Brunch All Day
Sundays at The Tavern at Keney Park, 171 Windsor Avenue Windsor CT 06095
Ballroom Dancing for Beginners
Jun 18 at Windsor High School Cafeteria
Learn to Crochet
Tuesdays at Windsor Public Library
Bring Your Gadgets to the Geeks
Wednesdays at Windsor Public Library
Passport to Summer Fun in Windsor
Jun 22 at Town of Windsor
Windsor Lions Yoga Fundraiser
Jun 23 at Get Baked 25 Center Street Windsor, CT
The Breakfast Club & Brunch All Day
Sundays at The Tavern at Keney Park, 171 Windsor Avenue Windsor CT 06095
Monday Morning Book Club
Jun 25 at Windsor Public Library
Learn to Crochet
Tuesdays at Windsor Public Library
Summer Classic Movie Series
Jun 26 at Windsor Public Library
Bring Your Gadgets to the Geeks
Wednesdays at Windsor Public Library
KC Sisters
Jun 27 at Windsor Public Library
Ukulele for Beginners-B
Jun 27 at Windsor High School J113
Concert on the Green
Jun 28 at Windsor Town Green
Northwest Park"Nature Book Club"
4th Thurday of the month at Northwest Park, 145 Lang Road, Windsor, CT 0695
The Breakfast Club & Brunch All Day
Sundays at The Tavern at Keney Park, 171 Windsor Avenue Windsor CT 06095
Learn to Crochet
Tuesdays at Windsor Public Library
Summer Classic Movie Series
Jul 3 at Windsor Public Library
Bring Your Gadgets to the Geeks
Wednesdays at Windsor Public Library
Windsor Business Connections
1st Wednesday unless noted
Concert on the Green
Jul 5 at Windsor Town Green
The Breakfast Club & Brunch All Day
Sundays at The Tavern at Keney Park, 171 Windsor Avenue Windsor CT 06095
Learn to Crochet
Tuesdays at Windsor Public Library
Summer Classic Movie Series
Jul 10 at Windsor Public Library
YPW Meeting
2nd Tuesdays at 261 Broad Street, Windsor
Bring Your Gadgets to the Geeks
Wednesdays at Windsor Public Library
Alzheimer's Support Group
2nd Thursdays at Kimberly Hall North
Concert on the Green
Jul 12 at Windsor Town Green
Tour Windsor Rocks
Jul 12 at TourWindsorCT Locations
The Breakfast Club & Brunch All Day
Sundays at The Tavern at Keney Park, 171 Windsor Avenue Windsor CT 06095
Learn to Crochet
Tuesdays at Windsor Public Library
Summer Classic Movie Series
Jul 17 at Windsor Public Library
Bring Your Gadgets to the Geeks
Wednesdays at Windsor Public Library
Concert on the Green
Jul 19 at Windsor Town Green