6 Oct Tax Deadlines? New Social Security Tax Limit, States That Won’t Tax Your Death

Best States for Tax-Free Chocolate Candy | Six Tax Deadlines for October 15 | IRS Sued for Millions Over Employee Retention Credit (ERC) Delays Created for {EMAIL} | [Web Version]( October 13, 2024 FOLLOW US:  [LinkedIn]( [Facebook]( [Youtube]( [Tax Tips]( [SIGN UP](format=multipart) ⋅ [WEBSITE]( [] State Taxes [] [Best States for Tax-Free Chocolate Candy]( [Best States for Tax-Free Chocolate Candy]( (Getty Images) Halloween isn’t that far away, and if you enjoy chocolate, we’ve got you covered on how to score tax-free chocolate candy! Discover which states exempt chocolate from sales tax and the rules that can save you money. From ingredient classifications to state regulations, we’ll guide you through [the sweet world of tax-free treats in time for your spooky celebrations](. [] Tax Filing [] [Six Tax Deadlines for October 15]( While October raises thoughts of sweatshirt weather, football, and trick-or-treating for some, there are also several tax deadlines you don’t want to miss. October 15 is approaching fast, bringing key deadlines — not just for tax return extensions. Whether you need to contribute to a retirement account or have concerns about extensions related to the recent hurricanes, here is important information about what’s due now and how to avoid IRS penalties. [Tax Deadlines]( [Achieve Stable, Tax-Efficient 1099-DIV Growth with CRE]( Discover CRE Income Fund's latest opportunity within the high growth logistics sector. Preferred shares and an annual 10% dividend yield this opportunity provides steady, tax-efficient income. With easy 1099 reporting this is a great opportunity with minimal tax hassle. [READ MORE]( ADVERTISEMENT [] Tax Credits [] [IRS Sued for Millions Over Employee Retention Credit (ERC) Delays]( [IRS Sued for Millions Over Employee Retention Credit (ERC) Delays]( (Getty Images) The controversial pandemic-era employee retention tax credit is causing a legal stir. This tax break was initially designed to incentivize businesses to keep employees on payroll during the COVID shutdown. However, in the wake of copious amounts of fraud, lawsuits are descending upon the IRS over delayed ERC refunds, and this could just be the beginning. Read on for details about some of [these lawsuits and whether your business should consider taking action](. Featured Content Sponsored Content from The Kiplinger Tax Letter [Stop Overpaying on Your Taxes.]( Get a [FREE ISSUE]( of The Kiplinger Tax Letter and never pay one cent more than necessary on your taxes, for yourself, your business, or your clients. Then save up to 58% off the cover price to subscribe, and get exclusive special issues such as New Tax Rules This Year, Year-End Tax Planning, or other topics. [CLICK HERE]( [] In the News [] [Social Security Tax Limit Jumps 4.4% for 2025]( Did you know there’s a cap on the amount of income subject to Social Security payroll tax? This ceiling, known as the Social Security tax limit or “wage cap,” sets the maximum earnings that can be taxed to fund Social Security. And, the Social Security Administration has just announced a higher limit for 2025. How will this affect your paycheck? What does it mean for high earners and the self-employed? [Learn More]( [7 Secrets About Hiring a Financial Advisor]( Working with a financial advisor can be a crucial part of any healthy retirement plan. But choosing the wrong one could wreak havoc. Check out these 7 secrets comfortable retirees know about hiring an advisor, so you can work to potentially save years of stress. [See the list]( ADVERTISEMENT [] In Case You Missed It [] [These States Won’t Tax Your Death]( [These States Won t Tax Your Death]( (Getty Images) It’s crucial to stay updated about state taxes. For instance, although state death taxes are something we might not like to think about, they can be expensive for our loved ones after we pass away. However, if you reside in and have assets in specific states, you might save money for your heirs. (Fortunately, federal death taxes only apply to individuals who leave behind estates worth millions of dollars.) So, in case you missed it, [here’s a list of states that won’t tax your death](. [401(k): Actions to Consider When Switching Jobs]( You've worked hard to save money in your 401(k) or 403(b) and, if you're like most Americans, you're likely to change jobs (and employers) multiple times during your career. Here are a few different options you have when deciding what to do with your 401(k) when you switch jobs. [READ MORE]( ADVERTISEMENT [] STOP OVERPAYING ON YOUR TAXES [] [STOP OVERPAYING ON YOUR TAXES]( (Kiplinger) Get a [FREE ISSUE of The Kiplinger Tax Letter]( and never pay one cent more than necessary on your taxes, for yourself, your business, or your clients. 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