History
The first property tax in the US started in this year.
What is 1798?
The IRS sends out around this many pages in forms and instructions every single year, which translates to nearly 300,000 trees.
What is 8 billion?
This Chicago mobster was eventually arrested, not for murder or theft, but for tax evasion.
Who is Al Capone?
This is the term used for all of your collected income for a tax year including wages and any benefits that made you money.
What is adjusted gross income or AGI?
This is the most common tax form. It's used if you have no dependents, earned less than $100,000 and don't plan on itemizing.
What is a 1040EZ form?
This amendment, ratified in 1913, established the first permanent US income tax.
What is the 16th?
In 2016, this tax company made $3 billion in revenue.
Who is H&R Block?
The Bible roughly contains 800,000 words; the US tax code roughly contains this many words.
What is 4 million words?
These are benefits you may qualify for to reduce what you owe Uncle Sam such as making a low income, going to college, or just being elderly.
What are tax credits?
This is more comprehensive than the 1040EZ, but lets you make certain adjustments to your taxable income, such as child tax credits or the deduction for student-loan interest.
What is a 1040A form?
The first electronic filing of a tax return occurred in this year.
What is 1986?
This percentage of paper returns have errors, while less than 1% of e-file returns have errors.
What is 21%?
In England, there is currently a tax that a homeowner must pay to receive a license to use this common household item.
What is a TV?
These are expenses that can be deducted from your AGI to help you reach a smaller income amount including medical expenses, mortgage interest and charitable contributions.
What are itemized deductions?
This is filled out by your employer to document your earnings for the calendar year.
What is a W-2 form?
The first income tax was started during this war to help fund it.
What is the Civil War?
By 2017, this percentage of US tax returns were electronically filed.
What is 87%?
The checkbox for this first appeared on the 1973 US tax form. It doesn't affect your taxes whether you check it or not.
What is the Presidential Campaign Funds contribution?
This is an amount the IRS lets you subtract from your income to reflect all the people who count on your income.
What are exemptions?
This is an attachment to your tax return for itemizing deductions, such as mortgage interest, property taxes, medical or dental expenses, and charitable contributions.
What is the Schedule A form?
There are currently this many US tax forms.
What is 526?
In 2016, the average US tax refund was this much.
What is $2,750?
Even though most other countries exercise this notion all the time, in the US, the only time we do this is with gasoline.
What is include tax into the sales price?
This method enables taxes to be taken out of your wages or other income as you earn it and before you receive your paycheck.
What is the withholding method?
You’ll receive one of the three varieties of this form if you paid interest on a mortgage or student loan or paid college tuition.
What is a 1098 form?