We’re inspired by the new Star Wars: The Force Awakens movie in theaters now. The franchise is known for its legendary characters and their words of wisdom. Here are just a few that can relate to our lives, especially during tax time.
"When 900 years old you reach, look as good you will not.” - Yoda
With age comes wisdom and experience, especially with taxes. You may not always like what you see, but each year you’ll learn from the last. If your tax refund was not as much as you wanted, you can claim more deductions and adjust your withholding this year. If you had a huge refund last year and want to increase your take home pay, you can adjust for that as well.
“Truly wonderful, the mind of a child is.” - Yoda
The tax code changes every year. Much like the mind of a child, you should start the process each tax season with no assumptions and an open mind. There may be new credits, deductions, or health care penalties that didn’t exist in the past. Take a fresh look at all aspects of your finances regularly too.
“Your eyes can deceive you. Don’t trust them.” – Obi-Wan Kenobi
This quote can be applied to so much in life. It’s important to distinguish between reality and illusion. Everyone’s financial situation is different, so forget about misconceptions when it comes to taxes and money. Focus on what you know to be true and can control within your personal financial situation.
“Your focus determines your reality.” – Qui-Gon Jinn
Tax season will begin very soon. It is never too soon to start preparing. Setting aside just a few hours to get your documents organized can save you a lot of headache and time. Start with Liberty’s Tax Organizer.
“Fear leads to anger, anger leads to hate, hate leads to suffering." – Yoda
Don’t be afraid of taxes. Fear can lead to anger and ultimately to dreading tax season each year. So make tax time less stressful by keeping up with tax changes all year long. Subscribe to our Liberty Tax Newsletter for up-to-date tax advice and money saving tips year-round.
“Do. Or do not. There is no try." – Yoda
This is one of Yoda’s most famous quotes. Let’s face it, taxes are something we all have to do – there is no try. So if you give your best attempt at doing your own taxes but get stuck along the way, contact a Liberty Tax professional to ensure that your taxes are filed accurately.