2019 NYSE Holidays

New Year's Day
January 1
Martin Luther King, Jr. Day
January 21
Washington's Birthday
February 18
Good Friday
April 19
Memorial Day
May 27
Independence Day
July 4
Labor Day
September 2
Thanksgiving Day
November 28
Christmas Day
December 25

2020 NYSE Holidays

New Year's Day
January 1
Martin Luther King, Jr. Day
January 20
Washington's Birthday
February 17
Good Friday
April 10
Memorial Day
May 25
Independence Day
July 3 (July 4 holiday observed)
Labor Day
September 7
Thanksgiving Day
November 26
Christmas Day
December 25

2019 FOMC Meetings

If you are interested in knowing economic data the minute it becomes available, mark your calendar with the following release dates for Federal Open Market Committee meetings, and announcements for gross domestic product (GDP), Consumer Price Index (CPI), and employment numbers.

January 29-30
March 19-20*
April/May 30-1
June 18-19*
July 30-31
September 17-18*
October 29-30
December 10-11*

* Meeting associated with a Summary of Economic Projections and a press conference by the Chair.
Sources: Federal Reserve; Bureau of Economic Analysis; Bureau of Labor Statistics



CALENDAR FOR IRAS AND RETIREMENT PLANS

April 1

Last day of grace period for first IRA required minimum distribution for clients who turned 70½ last year

April 15

- Last day to contribute to Roth or traditional IRA for last year - Last day to contribute to Keogh plan or SEP for last year (unless tax filing deadline has been extended) - Last day to contribute to HSA for last year

September 30

- Last day for plan sponsors to establish a new SIMPLE IRA - Last day for plan sponsors to issue summary annual reports to participants (or nine months after last day of plan year)

October 15

- Last day to recharacterize a converted IRA from last year - Last day to contribute to SEP or Keogh for last year if extension was filed (note: contribution must be made before tax return is filed)

TAX DEADLINES

Most of the usual tax deadlines fall on a weekday this year, so there are few changes from the standard tax calendar. If you have doubts about anything to do with taxes or the appropriate deadlines, check with a tax advisor.

Jan. 15

Fourth installment of previous year's estimated taxes due. If tax return is filed by Jan. 31, fourth installment can be made at that time.

Jan. 31

1099s must be sent to recipients so they can be checked for accuracy.

Feb. 28

Deadline for submitting 1099s to IRS

April 15

- Tax filing deadline
- Tax returns are due, and balance of tax for previous year must be paid. U.S. citizens working out of the country have an automatic extension to June 15. All others can request an automatic six-month extension to Oct. 15 using Form 4868, although balance of tax is still due on this date.
- First installment of 2017 taxes due (see IRS Publication 505, "Tax Withholding and Estimated Tax")
- Last day to file an amended tax return for 3 years prior.

June 15

Second installment of estimated taxes due. Tax returns due for U.S. citizens working outside the country (may request four-month extension to Oct. 15).

Sept. 15

Third installment of estimated taxes due.

Oct. 15

Tax returns due for those who requested an extension.

Dec. 31

Last day to pay expenses for itemized deductions (items charged on credit cards count, even if paid off later).


INVESTING AND TAX PLANNING

Tax planning for investments should be a year-round activity, but things come up toward the end of the year. Make sure you and tax advisor review portfolio holdings a good two months or so before these deadlines and think through potential strategies.

Oct. 1

Mutual fund year-end distributions begin. Watch dates and plan purchases around them.

Nov. 30

Last day for doubling up to avoid wash sale rule.

Dec. 31

Last day to sell stock and realize gain/loss.

COLLEGE PLANNING

College costs are skyrocketing, and it's foolish to pay more just because of a missed deadline.

Jan. 1 to March 1.

FAFSA filing period. Estimated data may be used if all tax information has not been received (early filing is recommended).

April 15

Last day for Coverdell ESA contributions.

Dec. 31

- Last day for college expenses to qualify for Hope or lifetime learning credit; consider prepaying next year's expenses to claim full credit
- Last day for 529 plan contributions and take state tax deduction (if applicable)


CHARITABLE/GIFT PLANNING

It's always best to budget in charitable gifts throughout the year, but year-end tax planning may require some last-minute transactions.
  • Establish a Keogh plan for this year (contribution is due by the date tax return is filed or no later than Oct. 15, of the following year, if extension is requested)
  • Establish and fund a solo 401(k) for this year
  • Complete this year's contributions to employer-sponsored 401(k) plans
  • Take this year's required minimum distributions from IRAs
  • Correct excess contributions to IRA, Coverdell, and qualified plans to avoid penalty


Dec. 31

- Last day to make tax-deductible contributions to charities
- Last day to make annual tax-free gifts of $14,000 per person

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