What Is the Deadline for Paying Yearly Income Taxes?

Answer The Internal Revenue Service sets April 15th as the deadline for paying your annual federal income taxes. If the 15th falls on a Saturday, Sunday or a holiday, the deadline is extended to the next ... Read More »

Top Q&A For: What Is the Deadline for Paying Yearly Income T...

What percentage of your yearly income goes to taxes?

Roughly 28%, of course varying greatly by job, gross earnings and age.

How to Figure Your Yearly Taxes If You Know Your Income?

To determine your income for the year, calculate any wages, interest income or any other positive cash in-flow. Once you determined the amount of income you earn over the course of the year, a qui... Read More »

Is paying income taxes voluntary?

No, according to the Internal Revenue Service, the payment of income taxes is not voluntary. In fact, section one of the Internal Revenue Code specifically levies a tax on the income of individuals... Read More »

What if you stop paying income taxes?

The IRS (Internal Revenue Service) will A) Start repossessing your items in order to pay for your debts or B) Hunt you down and jail you after so long without paying your taxes.