Joint Return

The total amount of tax that an entity is legally obligated to pay to an authority as the result of the occurrence of a taxable event. Tax liability can be calculated by applying the ...

A category that defines the type of tax return form an individual will use. Filing status is closely tied to marital status. The five filing statuses are: 1. Single individual2. Married ...

A status held by the person in a household who is running the household and looking after a qualified dependent. In order to qualify as head of household, the designated household must ...

The filing status used by a taxpayer who is unmarried and does not qualify for any other filing status.

A United States government agency that is responsible for the collection and enforcement of taxes. The IRS was established in 1862 by President Lincoln and operates under the authority ...

A tax that governments impose on financial income generated by all entities within their jurisdiction. By law, businesses and individuals must file an income tax return every year to ...

We give you seven guidelines to help you keep more of your money in your pocket.

Keep saving when mortgages, marriages and debt demand your attention.

The source of all things tax related in the United States