How long has there been federal income tax?

Answer The Revenue Act of 1861 established a tax on personal income of 3 percent on all incomes over $800 a year.Source:History of the U.S. Tax System

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How long has there been a federal income tax?

Congress passed a federal income tax law in October 1913. The original federal income tax rate was 1 percent for most individuals, rising to 7 percent for individuals earning more than $500,000 in ... Read More »

How long do you have to refile federal income tax returns?

Refiling a tax return requires the use of a Form 1040X. In order to receive a refund based on an amended return, the IRS has instilled a limit of three years for the payment of refunds. If the amen... Read More »

How long does a person have to file federal income tax returns?

Generally, the deadline for filing a federal income tax return is April 15 the year following the tax year. Prior year tax returns may be filed at any time, however only returns filed within a thre... Read More »

Is Inheritance money to be reported on federal income tax as income?

It is possible to have some taxable income from an inheritance the source and the type of income that is inherited is what will determine this. Inherited pension or IRA. If you inherited a pension... Read More »