April Tax & Financial Deadlines for Online Business Owners
This is your last chance to complete your 2022 tax strategies & retirement planning!!
Below are 3 April Tax Deadlines:
#1. 1st deadline is well known...TAXES DUE!
April 18th (April 15th is a holiday) is the due date to:
File your taxes (or file extension)
Pay your 2022 tax bill
Your Tax Payment is due...EVEN if you file an extension!!
Don't have the money to Pay IRS?
#2. Q1 2023 Quarterly Estimated Payments
April 18th you owe BOTH your 2022 tax payments...AND you Q1 2023 Tax Estimated Payment
#3. 2nd deadline will help your retirement strategies & potentially save you on your 2021 tax bill!!
April 18th is ALSO the due date for contributions to:
ROTH IRA (Tax Deduction = NO)
Backdoor ROTH IRA (Tax Deduction = NO)
Traditional IRA (Tax Deduction = YES)
SEP IRA (Tax Deduction = YES)
Deadline can be extended to Oct if you file extension
(new this year is ROTH SEP IRA)
HSA - Health Savings Account (Tax Deduction = YES)
To Recap:
This is the Final stretch to potentially reduce your taxes and intentionally place your money tax advantaged wealth creating vehicles!
If you need help with any of these strategies...reply to this email!
Or Schedule a 15 minute call to see how we can help you SAVE TAXES & GROW YOUR MONEY!
Best
Pat
Disclaimer: This is meant to be educational ONLY. This is NOT advice for your specific situation. Please consult a qualified financial and tax professional before making any changes to your financial or tax situation.