Tax Code (United States)

The United States tax code is a set of laws and regulations that govern how taxes are calculated, collected, and enforced by the federal government. It outlines rules for individuals and businesses on income, deductions, credits, and other factors affecting tax liability. Administered by the Internal Revenue Service (IRS), the tax code ensures fairness in funding government services and programs. It is complex but structured to provide guidelines on reporting income, allowable expenses, and tax rates, enabling taxpayers to determine what they owe or may receive back through refunds or credits.