Next Monday is Tax Day in the U.S. Are you ready? Or have you been procrastinating?
Unless you live in Massachusetts or Maine, your taxes are due by midnight on April 15th, unless you've filed an extension.
Every year, around this time, it's a bit of a mad dash, in our house. Our accountant asked us for months now, to remember to send her a breakdown of our tax deductible expenses, and because I'm someone who needs a deadline, I put it off until the middle of March. My husband and I incorporated last year, so there was also a business filing deadline at the beginning of March. We had to pay taxes on the business, of course, but I wasn't sure what was happening with our personal taxes.
Well, we finally got the numbers back. We owe $986 because we got too much of a subsidy for our health insurance. However, we got a refund from a couple of states. Because last year I worked for Love & Hip Hop Atlanta, New York and Hollywood, I had to file returns in California, Georgia and New York. The refund worked out to be about $865, so at the end of the day, we'll pay $121. In my book, this is a win!
Here are some Tax Tips for you to think about:
Bless the beautiful roads you drive upon. Bless the magnificent system of distribution... there are many areas of appreciation that tie to the subject of taxes. If you allow yourself to bask there a little bit, you would flood some pure positive energy upon this subject. - Abraham Hicks
Next week, I'm going to address what to do with a refund, especially a big refund. If you'd like to keep up with my weekly blog on how to shift your mind from worrying about money to one of freedom, ease and grace, sign up below! If you're interested in looking at ways you can maximize your money and minimize your taxes, let's talk! Sign up HERE for a free personal session. I'm looking forward to shifting our money mindsets together!
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