- Days left

The 10 Biggest Things Your Income Taxes Pay For

×
OVER SAN FRANCISCO BAY - MARCH 16:  In this handout image provided by the U.S. Air Force, two F-16 Fighting Falcons begin to roll into position for a rapid descent during an Operation Noble Eagle training patrol March 16, 2004 over the San Francisco Bay, California. The F-16s are assigned to the California Air National Guard's 144th Fighter Wing in Fresno, California.  (Photo by Lance Cheung/U.S. Air Force via Getty Images)
Lance Cheung/U.S. Air Force via Getty Images
Now that tax season is over (except for those who filed for an extension), it's natural to wonder exactly where the hard-earned dollars you paid in tax over the past year actually went.

To answer that question, the White House put together a website that gives details on the government's expenditures. Dubbed the Federal Taxpayer Receipt, you can enter in your income, Social Security, and Medicare taxes and get a personalized look at where your tax dollars got spent. Understanding that Social Security and Medicare taxes go toward funding those respective programs, here are the 10 areas where the greatest percentage of income tax revenues gets spent.


Increase your money and finance knowledge from home

How to Avoid Financial Scams

Avoid getting duped by financial scams.

View Course »

What is Inflation?

Why do prices go up?

View Course »

TurboTax Articles

11 Fun Ways to Spend Your Tax Refund

There are plenty of practical ways to spend your tax refund ? such as saving for major expenses, banking it as the start of an emergency fund or paying down debt. But it?s hard to resist the allure of spending some or all of your refund on something a little more fun. If that?s the road you want to go down, here are some ways suggestions.

A Tax Filing Factsheet for eBay Sellers

You can find almost anything for sale on eBay, from a piece of fine art to clippings of Justin Bieber?s hair. So it's no surprise that the IRS doesn't view all sellers alike in the online marketplace. You may not have to pay tax at all if you are essentially hosting an online garage sale, but if you run your eBay account more like a business, you should be reporting your sales to the IRS.

Tax Tips for Handymen and Odd Jobs

If you work as a handyman or do odd jobs around town for money, you are operating a business in the eyes of the IRS. Since you own your own business, you're likely a self-employed sole proprietor. This means you'll have lots of potential tax deductions to investigate.

Identity Theft: 7 Steps to Reclaiming Your Identity and Keeping it Safe

As more personal information continues to be stored online, the risk of identity theft also increases. In 2014 alone, the Bureau of Justice reported that 17.6 million U.S. residents experienced identity theft. If someone uses your personal data pretending to be you, it's a serious crime. With quick, decisive action, you can help discover the fraud, stop further damage and reclaim your identity. Here are six steps to get you on your way.