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When using part of one's home for business purposes, taxpayers may be able to claim a portion of their home expenses against their personal income taxes.

When its coming extremely close to the deadline for filing your personal income tax return with the Internal Revenue Service, and you aren't close to getting your tax return completed, it might be time to consider requesting a filing extension from the IRS.

Proceeding with either the IRS' standard deduction or itemized deductions for purposes of completing IRS Form 1040 Individual Income Tax Return can benefit from a review of the relevant statistical information and the specific itemized deductions that are claimed.

We look at the Internal Revenue Service's update on child and dependent care tax credits for those individuals that can claim the tax credit on their 2022 income tax return.

Statistics can be extremely helpful in understanding what the 10 leading tax credits claimed by individual US taxpayers are, such that we've presented this information such that you might understand what is most commonly claimed when preparing and filing one's personal income tax return.

The United States personal income tax return is IRS Form 1040, the most consequential tax form for most individual taxpayers.

To better understand one's tax obligations, it makes sense to the understand the principal tax collector in the United States, the Internal Revenue Service (IRS), how it operates and what its purpose is, as established by the US Department of Treasury and applying the US Internal Revenue Code.