It’s hard to believe that tax season is upon us. The tax filing period opened on January 23rd, and the filing deadline is April 18th.

Remember to store your records in a safe place for reference and in case of an audit. Stay organized throughout the year by keeping tax documents in separate files for income, deductions, and expenses. Wondering how long to keep your tax returns and records after you file? According to the IRS, you should keep records:

  • For three years from the date you filed your original return or two years from the date you paid the tax, whichever is later, if you file a claim for credit or refund after you file your return
  • For seven years if you claim a loss from worthless securities or deduction from a bad debt
  • For at least four years for employment taxes

 

 

You should have received copies of your 1099s already; however, please follow these instructions to access them if you need additional copies.

  • Log in to Fidelity.com.
  • From the home screen, select “Accounts & Trade.”
  • From the drop-down menu, select “Tax Forms & Information.”
  • Select “View available forms.”
  • From here you can check the status of your tax forms and print or download the available forms.

2022 Tax Rates, Schedules, and Contribution Limits


2023 Tax Rates, Schedules, and Contribution Limits

 

 
Important Tax Dates to Remember

4/15/23 – 2023 Q1 estimated taxes due if you are self-employed or have other income requiring you to pay quarterly estimated tax payments.

4/18/23 – Last day to contribute to a traditional IRA or a Roth IRA. If you have a Keogh, SEP, or other eligible plans and file for an extension until October 16, 2023, you have until that date to contribute for the 2022 tax year. Tax returns are due today for the tax year 2022 unless you have filed for an extension. The extension form, and any taxes owed, are also due on this day.

6/15/23 – 2023 Q2 estimated taxes due if you are self-employed or have other income requiring you to pay quarterly estimated tax payments.

9/15/23 – 2023 Q3 estimated taxes due if you are self-employed or have other income requiring you to pay quarterly estimated taxes.

10/16/23 – Your tax return is due today if you filed for an extension.