Taxes are payments we make to our government to support its operations. Our public schools, roads, military, disability benefits, etc. are all funded by the taxes we pay. Taxes come in many different forms, some of the most common being taxes on income, purchases, property, capital gains, inheritance, and gifts. While we are required to pay taxes, there are tax deductions and credits, which individuals can take advantage of to offset their tax burdens substantially.
The tax code is over 74,000 pages long and more than we can possibly cover on our website. The information we've included is meant to provide answers to the questions most commonly asked by our students.
Don't be fooled by someone pretending to be with the IRS. If the IRS needs to contact you, they will do so in very specific ways.
IMPORTANT NOTE: The information provided to you on this page is limited in scope and should not be your only resource for completing your tax returns. We recommend you seek advice from a licensed tax professional.