Filing a tax return is one of those things that you know you must do but you’d rather not. The complicated regulations and frequent changes to tax codes are among the reasons why obtaining savings when filing a tax return is often tricky. Hiring a tax professional or enlisting the help of someone with an online MST degree is the way to go, but there are certain things you also need to learn about taxes in general.
According to studies by Northeastern University, there are at least six top taxation issues that have direct implications to other parts of our lives. The tax on health insurance, for example, will soon force insurance companies to raise the premiums on most plans. The same can be said for penalties given to those without proper healthcare coverage.
Be sure to take your time and read the full infographic, Six Issues in Taxation by Northeastern University, to learn more.
This infographic was created by onlinebusiness.northeastern.edu.