Tax Day
Again, it is time to render unto Caesar what he is due.
Everyone with an income must file a Federal Income Tax return. Some can file a simple 1040 and do it themselves. Others have personal, medical, or business expenses. They have to include additional forms and receipts and elicit the assistance of accountants.
Most people must also file a State return. Citizens in seven states don’t have individual income taxes: Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, and Wyoming. State rates and requirements vary.
For the past few years, we have received a refund from Uncle Sam and the State of North Carolina. As retirees on a fixed income, we are grateful.
Today, April 15th, is the day. Did you file your taxes on time? Do you owe Caesar or will he deposit a nice nest egg in your bank account?
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