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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When you take the time to learn more about how it works, you may be able to put the tax code to work for you.

Have income that isn’t subject to tax withholding? Or insufficient withholdings? You may have to pay estimated taxes.

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

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

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

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

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?

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