Tax season. It’s that time of year we all love to hate. Just breathe tho. You’ve got this. But you don’t have to hate it anymore. You can get through this time with ease and simplicity. And I’ll tell you how. Meanwhile, while gas prices are ridiculously increasing, to even some places like California where it’s $6 a gallon, we may get a tax break because of it.
As of Tuesday, the Democratic-led states of Washington, Nevada, Oregon, Illinois, Pennsylvania and New York have the highest gas prices in the country; led by California with an average of $5.44 for a gallon of regular unleaded gas, according to GasBuddy. But the antecdote is that on Wednesday about 20 legislatives agreed on a bill that would cut the tax for gas pricing.
But when it comes to getting your taxes completed; No need to fret, you can pay next to nothing to have a professional do the dirty work for you. From your record keeping, to step by step assistance, you can hire the pro’s.
And then don’t even get into personal exemptions. You might as well be speaking a foreign language. Good thing for this year is that President Biden has extended tax season through June 2022.
Last year, the IRS announced that tax inflation was on the horizon; which basically equates to new tax-rate schedules and tax tables and cost-of-living adjustments for various tax breaks.