Action Tip: If you owe taxes, examine why. Is it overspending? Is it not budgeting? Is it not creating and working a spending plan? Is it not having an emergency cushion? Is it “over-helping” or “over-giving” which is really hurting you? Are you earning enough?
Adjust your withholding, set aside money throughout the year from small business, pay your quarterly estimates. Do anything you need to do to put an end to underpaying taxes throughout the year and owing money at tax time.
Live below your means for a richer life.