Federal Tax Code

The Federal Tax Code is a set of laws in the United States that outlines how taxes are assessed, collected, and enforced by the federal government. It includes rules on income tax, deductions, credits, and various tax rates for individuals and businesses. The code is comprehensive and complex, specifying who pays taxes, how much they owe, and the deadlines for payment. It is intended to fund government operations and public services. Understanding it helps individuals and businesses meet their tax obligations while taking advantage of available benefits.