April 2023 Financial Check In
“Experience is a hard teacher because she gives the test first, the lesson afterward.” -Vernon Law
Celebrate financial literacy month!
Celebrate by finding a book, class, podcast, etc. to further your personal finance knowledge. Check out the Johnson County Library personal financial booklists.
- Get It All Together! | Johnson County Library | BiblioCommons
- Financial Wellness in Times of Stress | Johnson County Library | BiblioCommons
- Ways to Pay for College | Johnson County Library | BiblioCommons
- Financial Planning for Adults | Johnson County Library | BiblioCommons
IRS Income Taxes Filed and Paid
The filing deadline to submit 2022 tax returns or an extension to file and pay tax owed is Tuesday, April 18, 2023, for most taxpayers. The Olathe Volunteer Income Tax Assistance (VITA) is available through Saturday, April 15th. Johnson County Extension Office | Research and Extension | Kansas State University (k-state.edu)
If you your income taxes are completed, review your tax withholdings and update your W-4 if you want more or less money withheld from your paycheck. Adjusting withholdings will increase or decrease the refund amount you will get from the IRS each year.
Calculator: Tax Withholding Estimator | Internal Revenue Service (irs.gov)
2022 IRA contribution until April 18, 2023
If you still work, review the 2022 IRA contribution limits to make sure you are taking full advantage of the opportunity to save for your retirement.
Learn more: IRA Year- End Reminders | Internal Revenue Service (irs.gov)
Don’t bust your budget.
Review your budget and plan for the irregular or periodic expenses each month.
Johnson County K-State Research and Extension Classes and Events | Johnson County (k-state.edu). Money Smart Week is April 15-April 21 for live education events about budgeting, debt relief, and employer retirement plans. Money Smart Week - Money Smart Week