What is Free File? Q.What is Free File? A.Taxpayers with low to moderate incomes can obtain free tax preparation software to complete and file their tax returns electronically. The Free File program can be difficult to access, and most eligible taxpayers do not use it. Read more about What is Free File?
Are federal taxes progressive? Q.Are federal taxes progressive? A.Overall, yes. But that’s not the case for each tax. Read more about Are federal taxes progressive?
What is the earned income tax credit? Q.What is the earned income tax credit? A.The earned income tax credit subsidizes low-income working families. The credit equals a fixed percentage of earnings from the first dollar of earnings until the credit reaches its maximum. The maximum credit is paid until earnings reach a specified level, after which it declines with each additional dollar of income until no credit is available. Read more about What is the earned income tax credit?