What is 'Tax Season'?

Tax season is the time period between January 1 and April 15 of each year when taxpayers traditionally prepare financial reports for the previous year. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Term of the Day | Investopedia Tax Season Tax season is the time period between January 1 and April 15 of each year when individual taxpayers traditionally prepare financial statements and reports for the previous year. In the United States, individuals must file their annual tax return by April 15 of the year following the reportable earnings...Read More » Related to "Tax Season" The History of Taxes in the U.S. America's first citizens enjoyed few to no taxes. Then taxes were added, increased and occasionally repealed to give us our current tax regime. Read More » What is the difference between gross income and taxable income? Understanding common tax terms including gross income and taxable income can help individuals navigate tax accounting in an efficient way. Read More » Steps to Take Before Your Tax Preparation The earlier you start preparing your tax records and documents, the more likely you are to have a smooth tax-return experience—and all the tax benefits you're due. Read More » Related Definitions Taxable Income Taxable income is the amount on which the tax an individual or a company owes to the government is based. Read More » Internal Revenue Service - IRS The IRS is the United States government agency that oversees the collection and enforcement of taxes. Read More » Tax Credit An amount of money that taxpayers are permitted to subtract dollar for dollar from the taxes that they owe to their government. Read More » Tax Deduction A tax deduction lowers a person's tax liability by lowering his taxable income. Read More » CONNECT WITH INVESTOPEDIA Email sent to: mondemand.forex@blogger.com If you wish to unsubscribe, please click here, or manage subscriptions 114 West 41st St, floor 8 New York NY 10036 © 2019, Investopedia, LLC, All Rights Reserved | Privacy Policy