Select your state

Taxes

federal income tax

The federal income tax is a tax levied or charged by the Internal Revenue Service (IRS)—the revenue service of the United States (federal) government. The federal income tax is a tax on the annual earnings of individuals, corporations, trusts, limited liability companies, and other legal entities.

Federal income taxes are levied on all types of earnings that make up a taxpayer’s taxable income—including earnings from employment and from capital gains (income earned on the sale of assets).

In North Carolina, as in all states across the United States, federal income tax is levied by the Internal Revenue Service (IRS) on the annual earnings of individuals, corporations, trusts, limited liability companies, and other legal entities. This tax applies to all forms of income that contribute to a taxpayer's taxable income, which includes, but is not limited to, wages, salaries, tips, and capital gains, such as profits from the sale of assets like stocks or property. The amount of federal income tax an individual or entity owes varies based on their income level, filing status, and the tax rates and brackets established by federal law. Taxpayers in North Carolina must comply with federal tax regulations and are required to file annual tax returns with the IRS by the deadline, typically April 15th of each year, unless an extension is granted.

Legal Articles

State Statutes

As a LegalFix Member You Will Be an Important Client of Local Law Firms

For as little as 69¢ a day you can have a LegalFix Legal Plan that includes initial consultations with an attorney at no additional charge—and additional legal services at reduced rates—all from top law firms in your state.

Don't wait—be prepared for life's inevitable legal issues, starting today.

And to save even more money, ask your employer, credit union, or membership group to offer LegalFix as an employee or member benefit.

Taxes

federal income tax

As a LegalFix Member You Will Be an Important Client of Local Law Firms

Articles

North-Carolina State Code

Taxes

federal income tax

Articles