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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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.

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

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.

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.

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

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