The Facts About Income Tax

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

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

The federal government requires deceased individuals to file a final income tax return.

Five overlooked tax deductions to help manage your tax bill.

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

This calculator compares the net gain of a taxable investment versus a tax-favored one.

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

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

Have you explored all your options when it comes to managing your taxable income?