Income Tax Law
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Income taxes are paid to the government by the individuals who earn the income. There are two forms of income: earned income and unearned income. Earned income comes from things like wages paid by ones employer, while unearned income includes income like Social Security benefits. 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. To learn more about how income tax is determined, what warrants tax deductions, what tax benefits may be available to you, how marital status affects income tax, and more, refer to the articles and frequently asked questions using the links on this page.