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An official website of the united states government See our editorial policies and staff. Learn more about laws related to employment and business taxes, including the differences between employees and independent contractors. There are many things to learn to become an expert (this is why we have accountants), but the essentials actually are. In the united states, federal and state governments need money to provide certain services and benefits that we wouldn't otherwise have access to, from so. Understanding your taxes and preparing your returns can be enough of a hassle as it is, without having to pay for a professional tax adviser as well. Federal, state, and local governments all collect taxes in a variety of ways. We recommend using google chrome, firefox, or microsoft edge.
Understanding how your investments are taxed is an important part of successful investing.
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