It’s that time of the year where everyone is searching their mailboxes for their W-2s, getting their receipts in order, and checking their account balances as well prepare to do our taxes. Annually, the Internal Revenue Service (IRS) ask all income receiving citizens to report their income and expenses so that they can verify if the correct amount was paid to the government to take care of the country’s needs. This is separated in local, state, and national taxes which all have different rates.