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8 Must-Know Financial Dates and Deadlines in June 2024

If you live in a hurricane-prone area, the degree to which you prepare for hurricane season will directly affect your finances.

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8 Must-Know Financial Dates and Deadlines
8 Must-Know Financial Dates and Deadlines

8 Must-Know Financial Dates and Deadlines: A lot is going on in life, so it’s easy to get distracted. But that can lead to costly mistakes.

You could lose out on a limited-time opportunity to save money if you miss an important financial date or deadline.

We present our “Money Calendar” series.

Check out our list of notable money dates in June 2024 in this edition. Look for it on the last weekday of every month and mark your calendar with any dates that apply to you. If you like this series, sign up for the Money Talks Newsletter so you don’t miss the next one.

The Atlantic hurricane season begins on June 1

If you live in a hurricane-prone area, the degree to which you prepare for hurricane season will directly affect your finances.

Besides the American Red Cross and the National Hurricane Center, you can find hurricane preparedness tips from authorities like the National Oceanic and Atmospheric Administration.

Don’t miss the next item on this list if you live in Florida.

June 1-14 is Florida’s Disaster Preparedness Sales Tax Holiday

Some states offer disaster preparedness sales tax holidays, which waive sales taxes on purchases like school supplies, just as some states offer back-to-school sales tax holidays.

Certain natural disaster-related products are exempt from sales taxes during these periods.

A list of products that qualify for the tax break is available on the state’s Department of Revenue website. Florida now has two such sales tax holidays per year.

June 11-12 – FOMC meeting

On the second day of these two-day meetings, the Federal Open Market Committee votes on whether to change its target range for the federal funds rate. The next time this will happen is on June 12.

The federal funds rate has a profound impact on everything from savings account yield to credit card interest. Find out more in “What Is ‘the Fed’ – and Why Should You Care?”.

June 17 is the deadline for estimated tax payments

Your tax return for the 2024 tax year is due by April 2025, so this is the deadline for paying your second quarterly installment of estimated taxes. The IRS Form 1040-ES must be used by self-employed and other workers who earn income that is not subject to withholding.

June 17 is the deadline for overseas extension filers to file their tax returns

If you are a U.S. citizen or resident alien living overseas or on military duty outside the U.S. and you requested an extension to file your federal income tax return, the deadline is usually June 15. However, since the deadline falls on a Saturday, the next business day is Monday, June 17, 2024.

Overseas taxpayers get a two-month extension, while U.S. taxpayers get a six-month extension.

June 30 marks the end of three Florida sales tax holidays

June 30 marks the end of several one-time Florida sales tax holidays. These include:

  • Appliances with Energy Star ratings
  • Impact-resistant doors and windows
  • Gas stoves

Also Read: Key Financial Changes Effective from April 1: EPFO to Taxation Rules

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