Tax Day Special: How Much of the Income Tax Pie Do Older Americans Contribute?

By midnight on April 18, millions of Americans will have hit the File button in their tax preparation apps or dropped their tax returns in the mail. With 2017 tax season almost behind us, it’s a good time to take a look at taxes as they relate to Americans over 50 — specifically, older Americans’ impact on the federal coffers as well as the impact taxes have on their own wallets. And there’s another reason to look at this issue …

Are Taxes Too Complicated? What Do YOU Think?

Subtract line 12 from line 11 and then multiply by your frustration level. By a 2-1 ratio, American voters find the tax system too complicated, and by large margins have their federal income tax returns prepared by some someone else, according to a new Quinnipiac University Poll. Older voters feel the most pain. The survey found that 68 percent of voters age 55 and older have someone else do their federal tax returns – the highest rate of any age …

Tax Day Freebies, Deals Near You

If you hate Tax Day, here’s something to make it a little easier to swallow: free food.  A variety of retailers and chains are easing the pain on Tuesday, April 17 — this year’s Tax Day — by offering freebies and discounts at shops around the nation. Some of the deals you can find on April 17 include: Free curly fries with a coupon at Arby’s. A free scoop of yogurt from 4-7 p.m. at Maggie Moo’s.   A free coffee sample (enough to brew a …