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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What does the Tax Reform and Jobs Act mean for you?

The chances of an IRS audit aren't that high. And being audited does not necessarily imply that the IRS suspects wrongdoing.

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

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

Estimate how much of your Social Security benefit may be considered taxable.

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.

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