by Scott L. Nelson, Stake Finance Specialist

The new year is almost upon us! As you flip the calendar on January 1, you should mark some important deadlines to keep you on track:

January
• 1st: Medicare Coverage starts – assuming you’ve paid your premium
• 1st: Annual Medicare Advantage Open Enrollment begins
• 15th: Deadline for Q4 2021 estimated tax payment
• 30th: Self-Reliance Personal Finance Workshop begins.

February
• Click here  for a list of 2021 tax paperwork you’ll probably need to gather
• Create tax file folders for everything from receipts to donations to employment docs
• Make a digital tax folder for electronic statements

March
• 31st: Annual Medicare Advantage Open Enrollment ends

April
• 1st: If you turned 70½ in 2021 (and you were born before 7/1/50), this is the first day to withdraw your first IRA required minimum distribution (RMD)
• 1st: If you turned 72 in 2021 (and you were born after 6/30/50), this is the first day to withdraw your first IRA required minimum distribution (RMD)
• 15th: Deadline for tax submissions or to apply for an extension
• 15th: Deadline for Q1 2022 estimated tax payments
• 15th: Last date to make a 2021 IRA Contribution

June
• 15th: Deadline for Q2 2022 estimated tax payments

September
• 15th: Deadline for Q3 2022 estimated tax payment
• 18th: Self Reliance Personal Finance Workshop begins
• 30th: Deadline for determining designated beneficiaries of an IRA or employer-sponsored retirement plan

October
• 15th: Deadline for extended individual tax returns
• 15th: Medicare Open Enrollment period begins

November
• 1st – 15th: Open Enrollment period for individual healthcare: MarketPlace

December
• 7th: Deadline for Medicare Open Enrollment
• 15th: Deadline for Individual Healthcare Open Enrollment
• 31st: Deadline for stocks, RMDs, itemized deductions, and gifts to count for 2022 taxes

If you are turning 65 this year and are already receiving Social Security your Medicare Card will be sent to you automatically. If not, you should apply 3 months prior to your birthday.

I sincerely hope that this may be helpful to someone and that all of you may have a healthy and prosperous 2022!