Looking for free advice about Income Tax Law? Find it here in articles, answers and other useful resources regarding how income tax is determined, what warrants tax deductions, what tax benefits may be available to you, how marital status affects in income tax, and more.
There are two forms of income: earned income and unearned income. Earned income comes from things like wages paid by one’s employer, while unearned income includes income like Social Security benefits, which are afforded to you through a system of societal enterprise. Whenever you receive either type of income, it is subject to federal, state and local taxation. Federal and state income tax laws govern how the income is taxed, what types of income are taxed and at what rate. Those who earn a paycheck may have much of their income tax obligation satisfied by their employer's automatic withholding, but those who are self-employed or who earn investment, rental or other types of income, need to be especially aware of special obligations imposed on them through income tax law. To learn more about this field of law and about the requirements and rights you have under tax law, refer to the articles and frequently asked questions using the links on this page.