Taxes

If you’ve ever made a purchase or worked a day in the United States, you’re well aware of the many different types of taxes consumers pay, including sales, federal income and state income tax. Taxes are fees that state and federal governments levy on citizens to finance government projects, services and entities.

Each April, you are required to file your tax return for the previous year. It’s important to stay abreast of tax deductions and credits so you don’t miss out on opportunities for valuable tax refunds from the IRS and your state.

Even if you’ve filed your own annual taxes, the subject can be confusing and leave you with questions. GOBankingRates is your go-to source for all your tax question answers, including how to file a tax extension and post office hours on Tax Day.

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Taxes

10 Tax Loopholes That Could Save You Thousands

Regardless of your income tax bracket, there are tax loopholes designed to save you money — find yours now.

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5 Things You Need to Know When Filing Your Tax Return This Year

Check out these important updates before filing your 2016 tax return.

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Is Child Support Taxable Income?

Find out if your child support payments are taxable income and how to report them on your taxes.

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Tax Mistakes Everyone Makes — and How to Avoid Them

Learn how to avoid the mistakes that can lead to a tax audit and penalties.

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Which Tax Receipts Should I Be Saving to File Taxes?

Find out what you should hold on to for tax purposes, and for how long.

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6 Tax Breaks for Pet Owners

Find out how your pet can help you save money on taxes this year.

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Tax Deductions 2017: 50 Tax Write-Offs You Don’t Know About

Don't miss out on savings with these 50 tax write-offs.

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Why the Bonus Tax Rate Is Bad News for Your Tax Refund

The method that your company uses to tax your bonus could save or lose you money. Here's why.

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