With Thanksgiving only a couple days away, I am scrambling to complete everything on my to-do list. I have more groceries to get, decorations for the festivities to buy, and to double check that there are enough chairs at the dining table – especially since Uncle Sam may be joining us this year.
Due to state and local food taxes, a third of what we spend on Thanksgiving dinner covers taxes. Turns out Uncle Sam isn’t going to miss his piece of the pie!
Your feast may not be the only thing that you find yourself being taxed on this Thanksgiving.
- Driving a long distance to see your family? Gasoline is taxed heavily, and during the holidays prices typically increase.
- But don’t think flying is any better. Taxes will cause airline ticket prices to be up too!
- If you want to keep your taxed expenditures low, you may want to skip the liquid spirits for this year’s festivities as well.
Although Uncle Sam may be at your Thanksgiving table, be thankful that there are knowledgeable tax preparers at your fingertips. For answers to all of your tax questions, call 1-866-871-1040 or stop into your local Liberty Tax® office.
From all of us here at Liberty Tax®, have a wonderful Thanksgiving!
Disclaimer: Every effort has been taken to provide the most accurate and honest analysis of the tax information provided in this blog. Please use your discretion before making any decisions based on the information provided. This blog is not intended to be a substitute for seeking professional tax advice based on your individual needs.