The Facts About Income Tax

Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you.

Share |

Have A Question About This Topic?

When your child has income, there’s a good chance that he or she will need to report it and pay taxes.

Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.

The tax rules that govern donating art are complex and confusing. Take a closer look.

Assess how many days you'll work to pay your federal tax liability.

Use this calculator to assess the potential benefits of a home mortgage deduction.

Use this calculator to estimate your income tax liability along with average and marginal tax rates.

Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you.