Taxes

Discover everything you need to know about taxes: how to file them, what happens if you don't, how they affect your credit score and more.

things taxes pay for

Taxes

10 Things Taxes Pay For: Where Do Your Federal Tax Dollars Go?

Update: The IRS deadline for filing taxes is April 18th, 2023. This applies to most taxpayers. Those that request an extension will have until October 16th, 2023 to file. The federal government spent a total of $6.3 trillion from October 2021 through September 2022, according to the U.S. Treasury Department’s Combined Statement of Receipts, Outlays... Read More

| March 6, 2023

Credit Tools

View All Taxes Posts

Can You Get a Tax Break for Buying a House?
Many or all of the products featured here are from our partners w... Read More

February 9, 2024

What Are Federal Tax Brackets and Where Do You Fall?
Do you know how your federal tax bracket impacts your income tax?... Read More

January 10, 2024

What Is a 1099-C Cancellation of Debt Form?
You may need to file the 1099-C form if you have canceled debts. ... Read More

June 14, 2023

What Young Adults Should Know When Filing Taxes
Guest Post by FitMoney As a parent of a teenager or young adult, ... Read More

April 12, 2023

Everything You Need to Know about 529 Accounts
Studies show that college tuition increased by 134% at private co... Read More

April 3, 2023

10 Steps to Prepare for Tax Season This Year
Get ahead on this year’s tax season or start planning for next ... Read More

March 16, 2023