In our previous email, we mentioned that 93% of small businesses overpay their taxes by at least $10,000 annually. But here’s the surprising part: tax overpayments aren’t just a problem for businesses; they’re affecting individuals like you and me, too.
Did you know that taxpayers overpay their taxes by an estimated $104 billion each year? This estimate is significantly higher than the IRS’s estimate of $26 billion 2022. This is because the IRS only estimates overpayments of refundable tax credits, while the Tax Foundation includes all types of tax overpayments.
Several factors are contributing to the increasing amount of tax overpayments, including the complexity of the tax code, the rise of the gig economy, and the increasing popularity of tax credits.
But here’s the good news: together, we can create a custom Tax Plan to help you stop overpaying your taxes.
Design your 2023 Tax Plan Here. There are less than two months left! Do not miss this opportunity!