To Owe or Not to Owe? Tax is the Question…
As tax season continues, and the deadline for filing taxes approaches, many people are finding out where their finances for last year netted out. While some people are getting the pleasant news that they’re getting a refund back and can plan accordingly, others are coming to the realization that they may owe a (potentially large) sum of money.
If the results revealed by your tax return come as a surprise to you it may put you in an uncomfortable financial situation, particularly if you owe money. We’ve often said on 22Dollars.com that no plan is a plan to fail, and it seems that this saying holds true in this case as well. Rather than scrambling to find a fast financial fix, it’s certainly going to be better for you both in the long and short run to do whatever you can to plan ahead for this type of expense.