tax dates
In most places how often are tax returns filed?
what is once a year
What are the 4 major categories of taxes?
What is income taxes, sales taxes, property taxes, and excise taxes.
What is the name of the government sector that is responsible for processing your tax returns
What is IRS
What is gross income?
What is the amount of income you earn BEFORE TAXES are taken out
What month do you need to file your taxes by each year?
What is April
What are four types of property?
What is land, buildings, motor vehicles, and intangible property?
According to most taxpayers, what is the main benefit to filing your taxes early?
What is
You may get your tax refund earlier
Things like charitable donations would be an example of
What is a tax credit
What is one way to file your taxes?
What is
1. Hire an accountant
2. Use an online tax software
3. Fill out IRS form 1040
How many federal taxes are there?
seven federal
What is one reason why you should file your taxes?
1. Get money
2. Apply for financial aid
3. Avoid paying penalties
What is one reason the gov't collects taxes out of each paycheck as opposed to sending a bill at the end of the year?
What is: People are more likely to pay their taxes & Spreads out payments to make it more manageable.