Add These Key Financial Timelines for 2021 to Your Calendar Now
You can’t plan without looking ahead, which means now is a great time to add important personal finance dates to your calendar. Here is a list of important dates that could affect your finances during the remainder of 2021, including expiration dates for COVID assistance programs.
March 14th
Technically, this is the last day to apply for benefits under the following COVID unemployment assistance programs that are about to expire:
- Federal Pandemic Unemployment Benefit (which increases unemployment by $ 300 per week)
- Pandemic Unemployment Assistance (PUA)
- Pandemic Unemployment Compensation (PEUC)
However, President Biden’s proposed relief law includes an extension of these programs, and Democrats hope to pass the law no later than mid-March.
March 14 is also the last day you can spend 2020 funds from your flexible savings accounts (FSA) – that is, if your employers offer FSA with a grace period. If you are unsure if you have a grace period, check with your employer.
March 31
The rental checkout moratorium expires on that day (some states have additional restrictions, which you can check here ). No other extension is known yet, although President Biden last extended the moratorium just ten days before it expired.
Both the Payroll Protection Program and the Airline Payroll Support Program expire on the same day. If you are a business owner or contractor seeking COVID assistance, you must apply before that date.
April 15
Make sure you file your tax return by April 15th. If you are requesting an extension, you must do so no later than that date – and remember that you will still need to pay all taxes due by April 15th. self-employed tax filer, your estimated first quarter income tax payments must also be due by April 15th.
This is also the last day for 2020 contributions to your previous year’s retirement accounts .
June 15th
On this day, the special registration period for Obamacare , which is now open , ends.
The estimated self-employed taxpayer income tax payments for the second quarter are due by June 15th.
30 June
FAFSA Deadline: This is the last day you can apply for Federal Student Aid for the 2020-21 school year.
Mortgage Loan Cancellation Deadline: You can apply for a minimum of 15 months grace period on federally backed loans, but this is your last day to do so .
11 September
The last day to update or correct your FAFSA for the 2020-21 school year.
September 15th
Estimated self-employed taxpayer income tax payments for the third quarter are payable.
September 30th
The federal student loan moratorium expires on that date. Read more about repayment options in this Lifehacker post .
1 october
This is the first day to apply for the FAFSA for the 2022-23 school year . You will want to complete the FAFSA as early as possible as it is used by states and colleges to award scholarships and loans from a limited pool of funds.
If you want to create a SIMPLE IRA this year for your small business, you must open an account by October 1st.
Also, file your tax return by October 15th if you requested a six-month extension back in April.
15 october
That day begins the open enrollment period for Medicare health and drug plans .
Nov. 1
First day of the open registration period for Obamacare to apply for 2022 health insurance.
November 26
Black Friday , big discount shopping day (followed by Cyber Monday November 29th).
7 december
The Medicare open enrollment period ends that day. This will be your last chance to enroll in a national health insurance program.
December 15th
The last day of the enrollment period for Obamacare health insurance is 2022.
Dec. 31
This is the last day to:
- Contribute to a charity for a tax deduction.
- Contribute to most employer-sponsored retirement accounts.
- Spend money at the FSA (most of the time).
- Convert your Roth IRA for your tax year 2021.