Search Results | federal income tax
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How Federal Taxes Work
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Federal taxes are somewhat complicated. Learn about how federal taxes work at HowStuffWorks.
How Income Taxes Work
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If you've ever filled out a 1040, you know the U.S. tax system and the agency that keeps it going are complex and mystifying entities. Get the lowdown on this essential piece of the U.S. government.
How State Income Taxes Work
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State income taxes vary between states. Learn more about how state income taxes work at HowStuffWorks.
The Ultimate State Income Tax Quiz
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Do you realize that the amount of taxes you pay may vary significantly depending on which state you live in? Some states have high tax rates, whereas some have no personal income tax at all. Take our quiz to find out how tax rates in your state might affect you.
How the Earned Income Tax Credit Works
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What is the Earned Income Tax Credit? Read about how to claim the EITC and if you qualify.
Could income tax be replaced by a consumption-based sales tax?
A consumption-based tax, sometimes called the Fair Tax, is one alternative to the current U.S. tax system. Learn more about a consumption-based tax.
Is it true that only 53 percent of Americans pay income tax?
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Is it true that only 53 percent of Americans pay income tax? Find out whether it's true that only 53 percent of Americans pay income tax.
How is residual income taxed?
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Residual — or passive — income is the kind of money generated while you're busy doing other things. Learn more about passive income at HowStuffWorks.
What Is Royalty Income and How Is It Taxed?
Creative work can make money over time in the form of royalties. But, royalty income is taxed as well, even if it's from a side job for the taxpayer.
Do you pay taxes on your pension income?
A pension is an employer-provided benefit that supplies income when you retire, but it is also taxed. Learn more about pension taxes at HowStuffWorks.