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Income Taxes

Treasury Bonds and Taxes: The Ultimate Guide

In general, income from any type of bond issued by the federal government (including its many agencies), is considered taxable income and therefore subject to…


What Taxes Are Progressive? A Guide on the Progressive Tax System

What taxes are progressive? Well, all of them! At least at the federal level for income tax. The US federal government utilizes a progressive tax…


About Paying Taxes on Your Winnings From Gambling

Gambling winnings are fully taxable and must be reported on your tax return. However, there are a few key differences on how you might have…


How to Know If You Owe Taxes: The Complete Guide

How will you know if you owe taxes? Well, the IRS makes it no secret, truth be told. In fact, they’re supposed to inform you…


Taxes and Military Funding: Your Tax Dollars at Work

Whether you want to be better informed in order to engage in public discourse about the US’ fiscal policy, or are simply curious about how…


The Consequences of Filing Taxes Late

Filing your tax return late is not going to put you on the IRS’s good side, and they could penalize you with both late-filing penalties…


Babies And Tax Returns: A Real (If Unlikely) Pair

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Babies_and_Income_Tax_Returns1.mp4"][/video] The IRS doesn’t discriminate on the basis of age, not even babies. It’s one of those things that sound funny but…


If You Have No Income Can You Get a Tax Refund?

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Tax_Refunds_Without_Income_Explained.mp4"][/video]   Believe it or not, you can qualify for a tax refund and actually receive it even if you have no…