Our Schools Need to Teach This Stuff.
As Americans tackle the annual tax-filing ritual, millions will panic. It’s confusing. Many don’t understand it. Some are afraid of it. Relax. Just slow down and read the forms, one line at a time. It’s easier than you think.
As adults, we are all responsible for managing our own finances. Yes, you really do need to understand your income tax return. It’s your money. It’s your business. It’s your responsibility. The more you know about your finances, the more you can control them.
I’m going to explain how a basic, personal income tax return works. When we’re finished, you should be familiar with your own tax return, and perhaps even do it yourself. There’s nothing to be afraid of. If you make an honest mistake, you can fix it easily.