When did congress start income taxes?

Answer According to the Department of the Treasury, Congress passed the Revenue Act of 1861 to finance Civil War expenses. This act imposed an income tax of 3 percent on incomes greater than $800. However... Read More »

Top Q&A For: When did congress start income taxes

When can we start filing income taxes?

Technically, you can file your taxes after January 1 of the new tax year. However, you must wait until you receive all of your documents, such as W-2 and 1099 forms, before you can complete your ta... Read More »

What year did income taxes start?

Income taxes were supposed to be collected with the passing of the Revenue Act of 1861, which imposed a 3 percent tax on incomes greater than $800 per year. However, problems with the tax postponed... Read More »

When are Ontario income taxes due?

The Canadian federal government collects Ontario income taxes on behalf of the province. Canadians file provincial income taxes simultaneously with federal taxes and both are due in to Revenue Cana... Read More »

When are corporate income taxes due?

Like individuals, corporations must pay taxes in the United States. Federal corporate income tax returns are due on the 15th day of the third month after the fiscal year ends. Thus, for a fiscal ye... Read More »