We just got our W2s at work, which always means Tax Time is almost here! Now with the government shutdown, who knows what that will mean for actually filing. But it's still good to know how it all works.
Taxes Can Be Tricky
First of all, I don't love math... I never did... part of the reason Radio is perfect for me. Being honest, doing taxes is confusing to me. Withholding, deductions, tax brackets... What does it all mean?! On top of that, I see people on social media getting back huge tax return checks that I'm not getting... I see people saying that the government is keeping all of my money... I pay in as much as I can, so how can I still owe money?! When it's all said and done, at this point I would be happy just to break even!
I do often wonder how they decide how much of my money they are going to keep. I came across this video, and it does a pretty good job of explaining it. Now it doesn't clear up deductions, and what you can claim and you can't... but it gives you a simple breakdown of what percentage The Man is going to take out of your pocket!