As if tax time weren’t confusing enough, just when you think you know something, the government goes and changes the rules. Case in point: the notoriously complicated tax system in the United States. That explains why U.S. taxpayers spend an estimated 7.6 billion hours (per year!) complying with federal tax requirements, according to the National Taxpayers Union. This year’s tax increases have mixed things up again and will surely have taxpayers – especially those with higher incomes – scrambling to figure out how to reduce what they owe.
I talked to FOX Business Network reporter and retail stock analyst Sandra Smith about what investors can expect this year. Check it out in my new post on GoldenGirlFinance.com.