Tax Education Center
Whether you're filing for the first time or want to understand how tax law affects your money — start here.
Start Here
Brand new to taxes? These three concepts are the foundation of everything else.
What Is a Tax Return?
A tax return is the form you file with the IRS each year to report your income, claim deductions and credits, and calculate how much you owe or are owed back. Think of it as your annual financial summary to the government.
Tax Credit vs Tax Deduction
A deduction reduces the amount of income you are taxed on. A credit directly reduces the tax you owe, dollar for dollar. Credits are almost always more valuable than deductions of the same amount.
What Is AGI?
Adjusted Gross Income is your total income minus specific adjustments like retirement contributions and student loan interest. AGI determines your eligibility for many tax credits and deductions.
Tax Glossary
75 tax terms explained in plain English
Interactive Tools & Quizzes
Are You Missing Deductions?
Answer a few questions to see if you're leaving money on the table.
What's the Best Way to File?
DIY software, tax pro, or something else? Find your best fit.
Tax Filing Checklist
Make sure you have every document before you sit down to file.
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For Specific Situations
Frequently Asked Questions
Do I need to file taxes?
Most U.S. residents with income above a certain threshold are required to file a federal tax return. For 2026, single filers under 65 must file if their gross income exceeds $15,700. The threshold varies by filing status and age. Even if you are below the threshold, you should file if you had taxes withheld and want a refund, or if you qualify for refundable credits like the Earned Income Tax Credit.
When are taxes due?
Federal income tax returns for the 2025 tax year are due April 15, 2026. If you need more time, you can file an extension by the April deadline, which gives you until October 15, 2026 to file your return. However, an extension to file is not an extension to pay — any taxes owed are still due by April 15.
What's the standard deduction for 2026?
For the 2026 tax year, the standard deduction is $15,700 for single filers, $31,400 for married filing jointly, and $23,200 for head of household. Taxpayers aged 65 or older receive an additional standard deduction amount. Most taxpayers claim the standard deduction rather than itemizing.
How do I know if I should itemize?
You should itemize deductions if your total itemized deductions exceed the standard deduction for your filing status. Common itemized deductions include state and local taxes (SALT), mortgage interest, charitable contributions, and medical expenses above 7.5% of AGI. With the 2026 SALT cap increase to $40,000, more taxpayers in high-tax states may benefit from itemizing.
Where do I check my refund status?
You can check your federal refund status using the IRS 'Where's My Refund?' tool at irs.gov/refunds or through the IRS2Go mobile app. You will need your Social Security number, filing status, and exact refund amount. Refund information is typically available within 24 hours of e-filing or about 4 weeks after mailing a paper return.
Still Need Help?
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This page is for informational purposes only and does not constitute tax, legal, or financial advice. Tax rules change periodically. Consult a qualified tax professional for guidance specific to your situation.