Taxes are one of those worst nightmares for Americans. It doesn't just bring paperwork; it brings sleepless nights, strained marriages, and even health problems. In fact, 43% of Americans say money is negatively impacting their mental health. Much of that stress centers on taxes, whether it's overdue payroll filings, unfiled returns, or looming IRS notices.
Marcelino Dodge, EA, CTRC, founder of Cash Tracks Financial, has seen it firsthand. "For many American taxpayers, tax season is a highly anticipated period where they receive their most significant windfall of the year, which they rely on to make ends meet. For others, it causes stress and dread because they have more difficult tax situations, are afraid they will make mistakes when filing, or want to avoid confronting a tax payment they may not be able to afford," he says.
