Advertisement
taxes

April 18 Tax Deadline Is for More Than Returns

Don't leave money behind -- or stint your retirement-saving potential.

If you’ve already filed your 2010 tax return, good for you. We have some guidance on how to put your tax refund to good use (if you had one coming).

But the April 18 date isn’t just for your return — it’s also a significant deadline for a couple of other items:

Claiming an Old Refund

If you have money due you for the tax year 2007, April 18 is your last chance to claim it. How many people leave money on the table at the IRS? The service estimates about 1.1 million people did -- and that the total available is more than $1.1 billion.

Advertisement - Article continues below

Much of this money might have been earned by people who didn't make enough to need to file a tax return -- but who had money withheld from their paycheck anyway. Summer earnings by a pool-watching teenager, for example.

Also: If you've been digging into past years' taxes and are planning to amend for tax year 2007 and want to get more money back, that April 18 deadline applies as well for filing your 1040-X.

Funding Your Retirement

The Individual Retirement Account is a powerful tool to save on taxes and get your retirement funded. Have we said that before? Yes? Okay, fine. April 18 is the deadline for putting in your 2010 contribution to an IRA. You can contribute up to $5,000 (or $6,000 if you were age 50 or older at the end of last year).

Advertisement
Advertisement - Article continues below

It might be tax-deductible, too, even if you already participate in a retirement plan through an employer. For more on the merits and how-tos of this retirement vehicle, read Fund an IRA, Cut Your Taxes.

Advertisement

Most Popular

12 Tax Deadlines for July 15 (It's Not Just the Due Date for Your Tax Return)
tax deadline

12 Tax Deadlines for July 15 (It's Not Just the Due Date for Your Tax Return)

Between due dates for paying estimated taxes, IRA or HSA contributions, and other deadlines, there's more to do by July 15 than just filing your feder…
July 14, 2020
65 Best Dividend Stocks You Can Count On
stocks

65 Best Dividend Stocks You Can Count On

These 65 Dividend Aristocrats are an elite group of dividend stocks that have reliably increased their annual payouts every year for at least a quarte…
July 8, 2020
91 Top Dividend Stocks From Around the World
stocks

91 Top Dividend Stocks From Around the World

These 91 Dividend Aristocrats, from the U.S., Canada and Europe, are among the world's top dividend stocks for payout longevity and safety.
July 13, 2020

Recommended

Pros and Cons of Getting a Tax Extension
tax deadline

Pros and Cons of Getting a Tax Extension

You can easily extend your tax return due date from July 15 to October 15…but should you?
July 14, 2020
Still Need to File Your Taxes? The Deadline Is July 15
tax filing

Still Need to File Your Taxes? The Deadline Is July 15

H&R Block's chief tax officer Kathy Pickering joins our Your Money's Worth podcast to offer advice for last-minute tax filers. Also, our hosts Ryan Er…
July 14, 2020
12 Tax Deadlines for July 15 (It's Not Just the Due Date for Your Tax Return)
tax deadline

12 Tax Deadlines for July 15 (It's Not Just the Due Date for Your Tax Return)

Between due dates for paying estimated taxes, IRA or HSA contributions, and other deadlines, there's more to do by July 15 than just filing your feder…
July 14, 2020
7 Reasons to File a Tax Return Even If You Don't Have To (Hint: They're Due July 15!)
tax filing

7 Reasons to File a Tax Return Even If You Don't Have To (Hint: They're Due July 15!)

Although you might not be required to file a tax return, it might be wise to file one anyway. Here's a few reasons why.
July 14, 2020