Bloomberg Wealth: Two Big Questions as Tax Time Arrives

’Tis the season for 1040s, TurboTax and a whole lot of teeth clenching. The US tax-filing period began on Monday. Filers have until April 18 to send their returns to the IRS without requesting an extension.

It’s an annual rite of pain that brings with it plenty of pitfalls. Some have turned to TikTok ⁠— dare I call it #TaxTok ⁠— presumably to learn about taxes, but also to distract themselves as 2023 kicks into high gear.