“In this world nothing is certain except death and taxes”-Benjamin Franklin
Taxes are part of life, so you might as well get used to them. You already pay tax whenever you purchase something in the store, but, as you begin working and earning money, you will also have to be aware of your obligation to pay federal and state taxes. I think that people don’t really understand the reason we need to pay taxes. We live in a very complicated society that costs a lot of money to keep running smoothly. The taxes you pay go towards many things, from roads, to schools, to social services, and the military, to name just a few. So think of those things that the government provides for us, that you like and agree with, and you will find some comfort in knowing you are helping to support those things.
For more info on filing federal taxes click here.
For more info about Colorado state taxes click here.
Until you’ve filed a tax return a couple of times, most people find that the forms are a little confusing. If you find that filing your taxes is frustrating and overwhelming, there are a number of people out there to help. You can call the Volunteer Income Tax Assistance Program (VITA) at 1-800-829-1040 for the nearest site or click here to search. You can also visit the Denver Asset Building Coalition (DABC) at www.denverabc.org for more information.