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.
It’s easy to feel invincible when you’re young, healthy and have a steady paycheck. After all, the chances of something catastrophic happening to you are pretty low, right?
When your child has income, there’s a good chance that he or she will need to report it and pay taxes.