Happy Birthday US Federal Income Tax! It was 1913 when Americans were first subject to a 7% Income Tax. Today, 100 years later, we are dealing with an enormously complicated and increasingly controversial income tax system.
Now is the time to get ready for Tax Day on Tuesday April 15, 2014 when your income tax return is due for 2013. Wait, you say, we just sent in our 2012 return. Is there no rest from taxes?
Well of course you could wait until next April to start thinking about tax savings for 2013 but by then it may be too late. Here are some things to do now that will make things easier this time next year.