From Carol McAtee’s CPA firm in St. Petersburg, FL –Do you ever wonder specifically where your tax dollars are spent? For the first time ever, American taxpayers can go online and see exactly how the government is spending the federal tax dollars they paid. This new service, Your Federal Tax Receipt, is now up and running. By entering a few amounts related to your taxes, your Taxpayer Receipt will give you a detailed breakdown of how your tax dollars are spent on government functions such as defense, education, health care, and other benefits. Specifically, you enter the total yearly amounts for the Social Security Tax, Medicare Tax, and Income Tax paid. The breakdown of expenditures for your tax dollars is shown in major categories or can be expanded to show greater detail by selecting the Expand All Subcategories option.
As tax professionals, McAtee & Associates can help ensure that both individual and business taxpayers file the correct tax forms and do not overpay their taxes. Contact us for assistance in all of your financial and tax matters.
ANY TAX ADVICE IN THIS COMMUNICATION IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, BY A CLIENT OR ANY OTHER PERSON OR ENTITY FOR THE PURPOSE OF (i) AVOIDING PENALTIES THAT MAY BE IMPOSED ON ANY TAXPAYER OR (ii) PROMOTING, MARKETING OR RECOMMENDING TO ANOTHER PARTY ANY MATTERS ADDRESSED HEREIN.
