MonthIncome TaxesSaving and Investing
January
  • 4th quarter 2010 estimates due 1/18/11
  • Expect to receive W-2s and 1099s? by January 31, 2011
  • Review your withholding for 2011, 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
  • 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 2011 is $16,500. Anyone 50 or older can contribute an extra $5,500
  • Automatically transfer $416.66?per month from your checking account into a Roth or Traditional IRA, and?$1,083.33 per month into a 529 Account and/or $166.67 per month into an Education Savings Account for each of your children