Important Financial Dates
January 2020

The amount you may contribute to your Roth and Traditional IRAs is $6,000 ($7,000 if you are 50+).

Medicare General Enrollment Period starts.

Review your credit report. Visit annualcreditreport.com for your free credit report.

January 15, 2020

Fourth-quarter estimated tax payments for last year are due for self-employed people or others who don’t pay enough through paycheck withholding.

January 31, 2020 Simple IRA Prior Year Employee Contributions Deadline.
March 31, 2020 Medicare General Enrollment Period ends.
July 15, 2020

First-quarter estimated tax payments are due for self-employed people or others who don’t pay enough through paycheck withholding.

The deadline for filing your taxes is also the last day you can make an IRA contribution that will apply to the previous year’s tax return.

Second-quarter estimated tax payments are due for self-employed people or others who don’t pay enough through paycheck withholding.

Deadline for filing federal taxes. If you’re planning to ask for an extension (until October 15th), the due date is also July 15th.

August 2020 Compile list of charities and amounts that you would like to gift. Work with your Financial Advisor to determine the best gifting strategy.
September 15, 2020 Third-quarter estimated tax payments are due for self-employed people or others who don’t pay enough through paycheck withholding.
October 2020

Maximize your Health Savings Account contributions.

Discuss Year-End tax strategies with your Financial Advisor and CPA.

October 15, 2020

Tax extension filing deadline.

The most common time of year to change your Medicare Advantage plan is during the fall Annual Election Period (AEP) in the fall (October 15 – December 7). This period is specifically designated for changes to Medicare Advantage and Part D drug plans. That’s because your current plan always has benefit changes for the upcoming year. If you get your Annual Notice of Change letter in September and you don’t like the upcoming changes you can use the Annual Election Period to switch. Your changes during this period will take effect on January 1st.

December 7, 2020 Medicare Annual Election Period ends.

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