Pop Quiz: Who Are the 47%, and What Do They Really Pay in Taxes?
Bruce Watson is a senior features writer for DailyFinance. You can reach him by e-mail at firstname.lastname@example.org, or follow him on Twitter at @bruce1971.
Did you know President Abraham Lincoln, one of America's most beloved leaders, also instituted one of its least liked obligations - the income tax? In this brief history of taxes, see the historical events which shaped income taxes in the United States today.
Identifying which tax credits apply to you can be a big help as you prepare to file your income tax return. Here are the 5 biggest tax credits you might qualify for.
Note: The content of this article applies only to taxes prepared for 2009 and 2010. It is included here for reference only. In order to take the making work pay tax credit, the IRS requires you to prepare a Schedule M with your federal tax return.
Need more information on Individual Retirement Accounts (IRAs)? IRS Publication 590 covers it all.
Depending on how much money they made during the year, your children may very well have to file for taxes. Learn about tax filing requirements for children with help from TurboTax in this video on tax tips.