income tax law
Earnings taxation statute
Income tax law is the body of statutes, regulations, and legal precedents governing how governments levy taxes on income.
It covers what counts as taxable income, allowable deductions, filing requirements, and penalties for noncompliance.
The field is notoriously complex: She specialized in income tax law after law school.
Practitioners navigate an ever-changing landscape of codes and court rulings.
- April 15thAnnual tax deadline
- filing deadlineFinal submission date
- capital gainsProfit from asset sales
- exemptionsReleases from obligation
- W-2 formEmployer-issued income summary
standard deduction · recordkeeping · e-filing · withholding · audit · deductions · 1099 form · Schedule C · refund check · itemized deductions · amended return · charitable donations · garnishment · estate planning · refund · liens · Form 1040 · IRS
income tax lawcharitable donation
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