Tax Day: The deadline to file your 2021 taxes is April 18th.

I am sure that everyone gathered all your tax related documents and provide them to your Certified Public Accountants as soon as feasibly possible. Wink wink.

Once the tax forms are prepared and received back from your CPA, be sure to review them by comparing them to last year and to your 2021 supporting documents. Many folks miss this step. It is important to make sure the numbers reported are accurate and the reporting of the information is correct as well. Don’t hesitate to ask questions of your CPA if you find something that does not look right. It is in your and your CPA’s best interest to make sure the information is accurate and complete. It is also worth mentioning to remember to be kind and patient with their response. This is their busy time of year, and you are probably one of many asking for attention. 

As you gather and review your tax documents in preparation for filing by the April 18th, this is an excellent time to review your spending habits and create a savings plan and emergency fund if you don’t currently have one.

Financial Literacy Month

National Financial Literacy month is recognized each year during the month of April. The month of April was designated Financial Literacy Month by Congress in 2004 to raise public awareness of the importance of financial literacy and maintaining smart money management habits.

During this month, hundreds of organizations across the country—including businesses, financial institutions, schools, libraries, nonprofit groups, government agencies, and the media—come together to stress the importance of financial literacy.

One of the special events promoting financial literacy that will occur this month is Money Smart Week, which begins on April 9th and extends through April 16th.

All sessions during Money Smart Week will meet virtually as did in the prior year.

Another way to celebrate Financial Literacy Month is to take the 30 day challenge offered by Money Management International. They provide 30 days of financial steps that will help to improve your understanding of finances and increase financial literacy for many.

There will be many opportunities to increase your financial knowledge during the month of April as well as throughout the year.

AADMM will continue to provide a Financial Tip each month so stay tuned!

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