Taxes
The U.S. tax system funds federal, state, and local governments through taxes on income, payroll, property, sales, capital gains, dividends, imports, estates, and gifts. Multiple agencies administer different types of taxes, with contributions from nearly every American worker and consumer.
Understanding Tax Basics
The federal government uses a progressive tax system where rates increase with income. Learn how marginal tax rates differ from effective rates and the difference between tax deductions and credits. Federal deductions and credits can reduce what you owe.
Types of Taxes You Pay
Beyond income taxes, governments collect payroll taxes from wages and property taxes. States and localities add sales taxes, while federal taxes cover capital gains.
Tax Planning Across Life Events
Life changes like moving states or getting married affect taxes. Parents can claim child tax credits. Self-employed report income and deductions.
Getting Help
Contact the IRS for support or file amended returns to fix errors.
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