The modern day tax form was introduced in 1913. Guess what the tax rate was. Plus useful ideas to reduce your bills during high inflation. Read on!
If it seems like the income tax has been around forever, well, it’s sort of true.
The modern Form 1040 was unveiled in 1913, the first year, after paying for the Civil War, that Americans were required pay income taxes to the federal government. With the April filing deadline right around the corner, this month’s newsletter has a fun quiz to test your knowledge about this very first individual income tax form.
And with inflation still upon us, included are some great ideas to help manage your money and tips to help reduce your monthly bills. All this and suggestions on identifying and managing scams that are all too frequently targeting older Americans round out this month’s newsletter.
As always, feel free to pass this information on to anyone that may find it useful and call if you have any questions or concerns.