The Tax Rabbit Cometh

Good Friday Greetings and Happy Easter,

Just when you thought the world could’t get any crazier, it does.  It seems like all the things we value and cherish are crumbling before our eyes.  

Companies are tripping over each other in the race to win the biggest virtue signal award.  Which one will be the widest awoke this week?

I say there’s never been a better time to remember why we invest the way we do.   Aligning our investments with our values.  Weeding out the woke and the crazy.  Supporting the products and companies that we believe in and would be proud to profit from.

Whether we call it Faith Based Investing or Biblically Responsible Investing, there’s never been a better or more important time to put our investments where our values lie.

While you weren’t looking the market has been making some moves north.  You weren’t looking were you?  Remember, you’re not supposed to monitor the market on a daily basis.  You’ll feel better for it.  

And you’re not supposed to monitor the fake news either.  You’ll live a less stressed life with the 24/7 news cycle out of it.

The market wrapped up early this week, taking Good Friday off.  A peek at the major gauges shows some green on the year.  The S & P 500 pushing past 7% year to date.  The Dow stretching for a 2% gain.  And look at NASDAQ, flirting with a 16% upside year to date.

When we make some money, Uncle Sam wants his piece.  We’ve still got a little time to report in.  The tax deadline this year is April 18th.  Three extra days if you need them.

Here’s why.  April 15th falls on a Saturday.  April 16th is Emancipation Day, a holiday that falls on Sunday this year.  So that moves to Monday.  Pushing back the tax deadline day to Tuesday, April 18th.

I know this won’t apply to you, but maybe a friend needs an extension.  It’s automatic and free and gives you another 6-months to file your tax return.  Form 4868 is the form you’ll need.  But remember, as they like to say, it only extends the time to file, not the time to pay what you owe in order to avoid penalties.  If you need it, you can find it on IRS.gov.

Here’s to profits, good health, and may God bless you and your family this Easter weekend.

Performance data is historical and not indicative of future results.  Indices are unmanaged and may not be invested in directly.

Data Source: LPL & Bloomberg 4.6.23