It was in a letter from Benjamin Franklin to Jean-Baptiste Leroy, that Franklin wrote about the two certainties in life: death and taxes.
And for Americans, the tax deadline is looming. And let’s be honest, no one likes taxes. With the past two years of ups and downs with the pandemic, we’re all still trying to keep it together. But, like always, taxes are unavoidable. This year, Tax Day falls on Monday, April 18th.
If you’re someone who does your own taxes, we applaud you. And wishing schools had taught us more about finances and taxes, and less algebra and trigonometry! For some of us, tax season leads to massive stress. Whether it’s simply knowing all the forms you need, or knowing you’re going to be paying in, again, it is a stressful time.
And for people like me, who get anxiety at tax time… it leads to procrastination. Despite always saying, “This year I’ll get it done early,” it does not, in fact, get done early. In reality, I just called my tax preparer this week. My appointment isn’t until April 14th.
Each time an item of mail came in that was tax related, I stored it in a certain place. But there’s still a sense of there being something I will forget!
Before we get to some great tax prep tips, let’s take a look at a few facts from WalletHub.