How To Get The Most Out Of Your Tax Return | Step Into The Basics Ep 7

What are taxes and where did they come from? Why are some taxes higher than others...and do they help us...or harm us? Our host Kelly Wakasa dives into the history of taxes and breaks down everything you need to know to avoid paying too much, or receiving too little. From your paycheck to the pack of gum at the convenience store, taxes are a daily part of our lives and can often be confusing when trying to understand where your hard earned money really goes. In this episode, we learn about the different types of taxes and how you can best be prepared for this upcoming tax season. 0:00 Intro 0:12 History of Taxes 0:59 Why We Pay Taxes 1:15 Where Our Taxes Go in the US 1:55 3 Common Taxes 1:59 Sales Tax 2:19 Income Tax 2:50 Property Tax 3:21 The IRS 3:48 What is a Tax Return? 4:24 Tax Refunds 4:59 Deductions Step’s mission is to help improve the financial future of the next generation. We offer a mobile banking app and Visa spending card that is completely free to use and has No Fees. None. Ever. Step makes it easy for you to send and receive money instantly, and provides an easy to use card to take with you whenever you’re on the go. If you haven’t signed up for Step yet, what are you waiting for?! ►Download the Step App here https://step.com/ Sign up in less than 60 seconds! Once your account is set up and you have money in your account, you’re able to send and receive money from friends and family with a click of a button. Subscribe to our channel for weekly episodes!    / stepmobile   Follow us to stay on top of the latest news & updates: https://step.com/   / stepmobile     / step     / step     / step     / discord   #Step #StepMobile #Taxes #StepIntoTheBasics #TaxSeason