Federal Income Tax

All Americans are taxpayers. Get ahold of the general information about your payments to Uncle Sam.

Check out more in Federal Income Tax

Do Capital Gains Pay FICA? Understanding Tax Rules for Investment Income
If you’ve ever wondered, Do capital gains pay FICA?, you’re not alone. Many investors are unsure how taxes work when…
Can You Pay Federal Income Taxes with Your 401(k)?
If you’re facing a hefty federal income tax bill, you might be wondering: Can I use my 401(k) to pay…
How to Know if the IRS Can Put a Lien on My House?
Understanding how to know if the IRS can put a lien on your house is crucial for homeowners facing tax…
Is Water Damage to Your Home Tax Deductible?
When it comes to unexpected events like water damage, homeowners often wonder if they can claim these expenses on their…
Can Kindergarten Tuition Be Claimed on Taxes?
The short answer is no—kindergarten tuition cannot be claimed on taxes. This is because the IRS classifies kindergarten as an…
Is Appreciation of Gold Bullion Taxable?
Gold bullion has long been a popular investment choice, often seen as a hedge against inflation and economic uncertainty. But…
What is Primary Residence? A Guide
Your primary residence is more than just a place to hang your hat—it’s the cornerstone of your financial and legal…
Where to Find My Settlement Statement?
If you’re wondering “Where can I find my settlement statement?”, the good news is that there are several reliable sources…
Can You Deduct Property Taxes From Capital Gains?
When selling a property, understanding how property taxes and capital gains interact is crucial for managing your tax liability. Many…
Are COBRA Payments Tax Deductible?
COBRA payments, which allow individuals to continue their employer-sponsored health insurance after losing a job, can be tax-deductible under certain…