Federal Form Income State Tax
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Federal Unemployment Tax Act - The Federal Unemployment Tax Act (or FUTA) is a United States federal law that authorizes the Internal Revenue Service to collect a federal employer tax used to fund state workforce agencies. Employers pay this tax annually by filing IRS Form 940.
State income tax - State income tax is an income tax in the United States that is levied by each individual state. Some states choose to impose no income tax.
United States Federal Income Tax Dependent Deduction - A personal exemption amount for each of the taxpayer, their spouse, and their child or dependent for purposes of calculating one's federal income tax was instituted in the 1950s.
Tax shelter - Tax shelters are any method of reducing taxable income resulting in a reduction of the payments to tax collecting entities including state and federal governments.
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