Life moves quickly. It’s easy to get distracted. But that can be costly.
Miss an important financial date or deadline, and you could be on the hook for a penalty or lose out on a limited-time opportunity to save money.
Enter our “Money Calendar” series.
In this edition, we’ve rounded up the noteworthy money dates in September 2023. Take a look and mark your calendar with any dates that apply to you. And if you enjoy this series, sign up for the Money Talks Newsletter so you don’t miss the next edition. Look for it on the last weekday of the month.
New Jersey’s back-to-school sales tax holiday continues — until Sept. 4
During this sales tax holiday — which started Aug. 26 and runs until Sept. 4 — New Jersey residents can purchase items like school and art supplies as well as some recreational equipment and computers without being charged sales tax.
For more details, see the New Jersey Division of Taxation’s sales tax holiday webpage.
Florida’s Freedom Summer Sales Tax Holiday continues — until Sept. 4
During this unique sales tax holiday — which started in late May and runs until Sept. 4 — Florida residents can purchase qualifying recreation and outdoor items and admissions to entertainment and cultural events free of sales tax.
A list of products that qualify for the tax break is available on the state’s Department of Revenue website.
Florida’s Disaster Preparedness Sales Tax Holiday continues — until Sept. 8
During Florida’s second Disaster Preparedness Sales Tax Holiday of the year — which started Aug. 26 and runs until Sept. 8 — items like portable generators, carbon monoxide detectors and certain types of batteries are exempt from sales tax.
For a complete list of eligible items, visit the Florida Department of Revenue’s webpage about the holiday.
Federal student loan interest resumes — Sept. 1
Following a lengthy pause due to the COVID-19 pandemic, interest on federal student loans will start accruing again on Sept. 1.
Payments themselves will resume starting in October, with the U.S. Department of Education stating that it will communicate with borrowers between now and when their first payment is due.
Labor Day — Sept. 4
While the holiday itself is observed on a Monday, Labor Day sales are likely to kick off by Friday, Sept. 1, if not sooner.
To learn which deals will be worth acting on this year, check out our article on the best things to buy in September.
Florida’s Tool Time Sales Tax Holiday — Sept. 2-8
During this sales tax holiday, Florida residents will not be charged sales tax on eligible tools and equipment.
To learn more about what types of items qualify, see the Florida Department of Revenue’s webpage about the sales tax holiday.
Deadline for estimated tax payments — Sept. 15
This is the deadline for the third quarterly installment of estimated federal taxes for the 2023 tax year — the one for which your tax return is due by April 2024.
This deadline applies to the self-employed and other workers who earn income that isn’t subject to withholding, who use IRS Form 1040-ES to pay this tax.
FOMC meeting — Sept. 19-20
The Federal Reserve’s Federal Open Market Committee (FOMC) generally meets eight times a year, and we usually exclude those meetings from our Money Calendar series. But they are a hot topic these days, given sustained inflation.
Chairman Jerome Powell recently suggested that the FOMC might need to raise its target range for the federal funds rate further in 2023. If the committee votes on Sept. 20 to hike the rate, it will be the fifth hike so far this year.
Any change to the federal funds rate can affect everything from your savings account yield to your credit card interest. To learn more about what this means for you, check out “What Is ‘the Fed’ — and Why Should You Care?”
Key Medicare literature to be mailed — sometime in September
If you are on or soon will be eligible to join Medicare, keep an eye on your correspondence this month.
Sometime in September, your plan should send you two key documents that you will need to make informed decisions during upcoming open enrollment periods:
Additionally, you should receive a new “Medicare & You” handbook from the federal Medicare program in late September.