What a tumultuous world we’re living in. So much is happening and the Covid19 pandemic continues without a real end in sight. But one thing we can count on is taxes.
June 15th is usually the deadline to pay 2nd quarter estimated taxes. However, this year the IRS deadline has been extended to July 15th. Be sure to submit your federal estimates via mail or online no later than July 15th. Some states have not extended their deadline for the 2nd quarterly estimated taxes so check with your state for that information.
School’s out…..now what?
Summer vacations can call for additional expenditures for summer camp, day care, summer school, family travel, etc. Have you added these costs into your spending plans for the next few months?
June 30th is the midpoint for 2020.
This time is a great opportunity to review your yearly spending plan and make adjustments as needed. This will ensure that you have the necessary funds for vacations and other summertime activities.