ANSWERS: 1
  • All citizens of the United States who receive income are subject to federal income taxes. Items that may be taxed include but are not limited to capital gains, commissions, wages, salaries, bonuses and pensions. Earned interest is also considered taxable income. Citizens usually pay these taxes by automatic payroll deduction or by making regular payments to the IRS every 3 to 4 months. An official tax return form must be completed by April 15 of every year to avoid tax penalties.

    Source:

    USA-federal-state-individual-tax.com

    More Information:

    Internal Revenue Service (IRS)

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