It’s no secret that how much you pay in taxes each year significantly affects your bottom line and your quality of life. The average U.S. household that owns a home will pay about $14,000 in income, sales, and real estate taxes — that’s about 27% of their total income. Filing taxes don’t have to be complicated for the newcomers. The more you learn about the tax system, the less stress you'll feel when filing your taxes for the first time. Many people seek professional help to file their taxes. T