8 Steps to Reduce Tax Filing Stress

8 Steps to Reduce Tax Filing Stress

The American Psychologist Association revealed that 71 percent of Americans say money is the cause of the most stress in their life. That’s no surprise since over two-thirds of Americans live paycheck to paycheck. For many Americans, tax season is a time to celebrate — it feels like a windfall, and vacations are even planned around this “bonus money.” Of course, any refunds aren’t a bonus at all, but rather, Uncle Sam simply returning the interest-free loan taxpayers lent him for the past year. The goal of tax season is to break even. You’re doing tax season right if you don’t owe. However, many Americans find themselves owing taxes year after year, unable to get that balance right. For this slice of the demographics, tax season is a time to dread and the peak of financial stress. If you fall into the latter camp, here are a few ways to ease stress in April: