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  2. Income tax - Wikipedia

    en.wikipedia.org/wiki/Income_tax

    v. t. e. An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income ). Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income.

  3. Internal Revenue Service - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Service

    The Internal Revenue Service ( IRS) is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law. It is an agency of the Department of the Treasury and led by the Commissioner of Internal Revenue ...

  4. TurboTax - Wikipedia

    en.wikipedia.org/wiki/TurboTax

    TurboTax is a software package for preparation of American and Canadian income tax returns, produced by Intuit. TurboTax is a market leader in its product segment, competing with H&R Block Tax Software and TaxAct. [1] TurboTax was developed by Michael A. Chipman of Chipsoft in 1984 and was sold to Intuit in 1993. [2] [3]

  5. Associated Press 22 days ago 140,000 people did their taxes with the free IRS direct file pilot. But program's future is unclear. The IRS said Friday that more than 140,000 taxpayers filed their ...

  6. How to determine your tax withholding to avoid surprises next ...

    www.aol.com/finance/determine-tax-withholding...

    But if you receive unexpected income — such as a bonus — you should consider increasing your withholding. You can apply one of the IRS's two conditions — known as the safe harbor — to ...

  7. Tax breaks after 50 you might not know about - AOL

    www.aol.com/finance/tax-breaks-after-50-you...

    This is nothing new, but the Secure Act 2.0 of 2022 has shifted how catch-up contributions will work for the next few years. For the 2024 tax year, if you’re 50 or older, you can contribute an ...

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