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Tax Basics
Deductions & Credits
Tax History
In the Movies
Fun & Odd Taxes
100
In the U.S., Tax Day typically falls on this date.
April 15
100
This common deduction relates to interest paid on your home loan.
Mortgage interest
100
The U.S. income tax was permanently established by this amendment.
16th Amendment
100
In this comedy, a man discovers the IRS is auditing his very boring life story.
Stranger than Fiction
100
In ancient Rome, this bodily function was taxed.
Urine
200
This federal agency collects taxes.
IRS (Internal Revenue Service)
200
Parents may claim this credit for qualifying children.
Child Tax Credit
200
This president signed the modern federal income tax into law in 1913.
Woodrow Wilson
200
In this film, Ben Affleck plays an accountant with a dangerous side job.
The Accountant
200
This modern country has had taxes on beards in its history.
Russia
300
This form is commonly used by individuals to file federal income taxes.
Form 1040
300
This deduction allows charitable donations to reduce taxable income.
Charitable deduction
300
Before income tax, the U.S. government relied heavily on these taxes.
Tariffs
300
In this classic film, a mobster famously says, 'I don't pay taxes.'
The Untouchables
300
In some U.S. cities, this type of drink is taxed to discourage consumption.
Soda
400
Money you earn from work is called this type of income.
Earned income
400
This credit helps offset education expenses for college students.
American Opportunity Credit
400
This war led to the first temporary U.S. income tax in the 1860s.
Civil War
400
This 1988 film features twins separated at birth, one raised rich, one poor.
Twins
400
This term refers to taxes on goods like alcohol and tobacco.
Sin taxes
500
This term refers to income after deductions and credits.
Taxable income
500
This type of deduction reduces income before calculating taxes owed.
Above-the-line deduction
500
This famous protest involved colonists opposing a tax on imported goods like tea.
Boston Tea Party
500
In this movie, a businessman uses accounting tricks to hide illegal profits.
The Wolf of Wall Street
500
In medieval England, people were taxed based on the number of these in their homes.
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