Tax Code (U.S.)

The U.S. Tax Code is a set of laws that govern how individuals and businesses are taxed by the federal government. It outlines various tax rates, deductions, credits, and rules for filing taxes. The main goal is to collect revenue to fund government operations and services. The Tax Code is complex and has numerous provisions, affecting everything from income taxes to estate taxes. It is regularly updated and can be influenced by political decisions, making it important for taxpayers to stay informed about their obligations and rights under the law.