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Small-business owners are an essential component of America’s economy. In the United States, 99.7% of all firms are comprised of small businesses with 500 or fewer employees. 

More than 70 million Americans (21 percent of the U.S. population) receive some form of Social Security. This public insurance has helped lay the economic foundation for Americans for more than 80 years, providing support to retirees and others. 

Have you ever switched jobs? Research shows that the average American employee switches jobs over 12 times by the time they turn 54.

In this guide, we will explore where your tax dollars go, some of the ways tax filing may look different this tax year, and what you can do to prepare. Keep in mind that this guide is for informational purposes only and is not a replacement for real-life advice, so make sure to consult your tax, legal, and accounting professionals before modifying your strategy.