Tax Planning: U.S. - By Category
Tax Filing Basics
Basic information about filing tax returns in the United States of America. Includes topics such as filing status, dependents, withholding, filing a tax return, paying taxes, and receiving tax refunds.
All income is presumed to be taxable. However, America's tax laws provide that income is taxed in a variety of ways. Wages for example are subject to several different types of tax rates. Dividends and capital gains may be taxed at a lower rate, and some income might be partially taxable or even non-taxable.
Income Tax Deductions
Deductions reduce your taxable income, and therefore are can be useful strategies for reducing your US federal income tax. Some deductions can be claimed directly on the tax form itself, while other deductions are available only if you itemize or have certain types of income.
Income Tax Credits
Credits reduce your federal income tax after your tax has already been calculated. Accordingly, tax credits can be a powerful strategies for reducing your US federal income tax. Some credits are non-refundable, and can at most reduce your federal income tax to zero. Other credits are refundable, and these can reduce surtaxes and possibly generate a refund than the amount you actually paid in.
Business taxation resources for C-corporations, S-corporations, partnerships, limited liability companies, trusts, estates, and sole proprietors.
Retirement Savings Plans
You can save for retirement using several tax-favored savings plans. Some savings plans feature tax-deductible contributions and tax-deferral on the earnings and growth. Other savings plans provide for tax-deferral only. While Roth-style savings plans provide the potential for tax-free income upon distribution.
Tax Software & Books
Find tax preparation software and books that are right for you. Objective, unbiased reviews based on thorough product testing.
File Your Own Taxes
Everything you need to know to prepare your federal tax return.
Get Tax Help
Solve your IRS tax troubles with handy guides to surviving an audit, filing back taxes, taking advantage of state tax amnesty programs, and paying off your tax debts.
Lower Your Taxes
Learn about how the tax system works, discover the best tax strategies, and develop a solid plan for reducing your income taxes.
State and local governments require that people file tax returns, just like the federal government. Each state has its own rules for regarding income taxes, property taxes, and sales taxes. Here's some helpful tips and resources about state and local taxes.
The Internal Revenue Service
Resources for contacting the Internal Revenue Service, finding information on the IRS Web site, and how to handle tax audits and owing taxes.
Tax debt can be stressful to deal with. Here's some helpful tips on setting up payment plans, requesting affordable installment agreements, reducing your tax debts through an Offer in Compromise, or discharging your tax debts through bankruptcy.