Calendar

0 (at birth)

Taxpayer may be entitled to claim dependency exemption for newborn child

13

Parent may no longer claim Child Care Credit for qualified dependent care expenses

17

Parent may no longer claim Child Tax Credit ($1,000)

18

• Child is subject to Social Security taxes if employed by parent
• Cannot make new contributions to child’s Coverdell Education Savings Account
• Parents may not claim Adoption Credit ($13,400)

19

Child no longer qualifies as a dependent unless full-time student for at least 5 months during the year

24

• Even if full-time student, child no longer qualifies as a dependent
• Kiddie tax rules no longer apply

25

Minimum age to claim Earned Income Credit without a qualifying child

27

Parent no longer required to include child on family health plan

30

• Balance of Coverdell Savings Account must be distributed or rolled over to an account for another qualifying family member
• Balance of myRA must be rolled over into a ROTH account

40

May deduct the long-term care insurance premiums as a medical expense

50

• Taxpayer entitled to make additional annual “catch-up” contributions ($1,000) to retirement plan
• Qualified public safety employee not subject to penalty for early withdrawal from employer’s retirement plan

55

No early withdrawal penalty if taxpayer has separated from service

59½

No penalty for early withdrawal from retirement plan

62

Eligible for reduced Social Security benefits

65

• Taxpayer entitled to higher Standard Deduction
• Deduction for medical expenses must exceed 7.5% (not 10%) of AGI [through 12/31/16]
• May no longer claim the Earned Income Credit without a qualifying child
• No contributions to Health Savings Account allowed once eligible for Medicare

70

May no longer deduct the long-term care insurance premiums as a medical expense

70½

• Subject to Excess Accumulation Penalty if Required Minimum Distribution (RMD) not taken from retirement account
• May make a tax-free withdrawal from an IRA if using a Qualified Charitable Distribution
• May roll retirement account into a Qualified Longevity Annuity Contract

85

Must begin taking distributions from Qualified Longevity Annuity Contract

1042-S

Foreign Source Income

March 31

1095-A

Health Insurance Marketplace

January 31

1095-B
& 1095-C

Affordable Care Act

January 31
(March 2 in 2018)

1098

Home Mortgage Interest

February 1

1098-E

Student Loan Interest

February 1

1098-T

Tuition, Reimbursements, Scholarships, Grants

February 1

1098-B

Sales, Barters, Redemptions of Securities

February 15

1099-C

Cancellation/Forgiveness of Debt Income (incl. mortgages)

February 1

1099-DIV

Dividends, Capital Gains & Distributions

February 1

1099-G

Govt. Payments (incl. tax refunds & unemployment compensation)

February 1

1099-INT

Interest Income

February 1

1099-K

Credit Payments (in the course of trade or business)

February 1

1099-MISC

Rents & Royalties, Prizes & Awards, Non-employee Compensation

February 1

1099-R

Retirement Plan Distributions

February 1

1099-S

Real Estate Sales

February 15

1099-SA

HSA & MSA Distributions

February 1

SSA-1099

Social Security Payments

February 1

W-2

Wages (incl. sick pay & benefits)

February 1

W-2G

Gambling Winnings

February 1