Tax Facts You Should Know
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Filing deadlines matter: Most individual tax returns are due April 15 each year.
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Refunds aren’t instant: The average IRS refund takes about 21 days to process.
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Keep records: Maintain tax documents for at least 3–7 years in case of audits.
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Deductions reduce taxable income: Common deductions include mortgage interest, student loan interest, and business expenses.
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Tax scams are real: Always verify IRS communication—they will never demand immediate payment via phone or email.
"Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.
~Judge Learned Hand, (1872-1961), Judge U.S. Court of Appeals
