First, look at your tax returns from this year and last year. Next, on each tax return, find the “Total Tax” line and the “Total Income” line. For each year, divide the amount of Total Tax by the amount of Total Income. The percentage you get is your effective tax rate. It should go down each year. If it is not going down, you may be overpaying on taxes. At TFW Advisors®, we help people determine whether they are in fact paying more in tax than they need to and find out how to turn that around. To find out how we can help you make way more money and pay way less tax, book a call with our team today!