What’s Happening at BFM

The Beaumont Farmers Market has just begun its 14th season! The market opened the season with three new bakers joining the vendor ranks, featuring sourdough bread, sweet breads, and Guatemalan and Mexican breads. Many farmers were hit hard by the freeze in December so they are replanting and slowly returning to market over the next few months; however, Donna’s farm was able to harvest root vegetables and winter squashes before the freeze that they are bringing to market now.

SNAP is back and swipes were strong at the end of December and are off to a great start since the market reopened. The SNAP Education booklet is well underway and is soon to be joined by a program called Veggie Bucks to pair with the booklets. Students that complete their booklets can return to market to receive Veggie Bucks to spend on fresh fruit and vegetables.

BFM just launched a sponsorship program, with four annual sponsors to be featured on the market’s first annual Art Poster. They are also offering weekly sponsorship opportunities to small local businesses. In coming weeks and months they will launch more fundraising initiatives to diversify their income streams, such as a Sustainer program for individual donors and an inaugural event coming this summer. Check out their newly-designed website to keep up with the changes and be included in the action!

Coming up: The market has several new vendors in the works as well as coffee and food trucks being added later this year!

Want to show the market some love? Stop by the market and pick up yard signs and posters to show off at your home or business around town.

Know Your Terminology

A tax return is the form you file with the IRS listing income, deductions, tax payments, etc. A refund is the amount paid back to you by the IRS when the tax credited to your account during the year exceeds your tax liability. The tax credited to your account is primarily composed of tax withheld on your wages, estimated tax payments you’ve made, and tax credits that you’re entitled to, such as for childcare.

Tax Day is April 18, 2023

The statutory due date for tax returns is April 15, which falls on a weekend this year. Because of this, Washington, D.C.’s Emancipation Day (April 16) and Tax Day will be observed on April 17th and 18th, respectively.

Contribute Towards Retirement

There are a handful of options for funding your retirement at tax time— and some of them will even reduce your tax burden. Contributions to self-employed or traditional IRAs may be tax-deductible, while Roth IRA contributions may help diversify your retirement savings. Income limitations and other restrictions can impact eligibility for the different options, so it’s recommended to speak with your tax professional before making any contributions.