One of the most important days of the is April 15, which is the deadline for the United States citizens to file income tax . Income tax is a tax placed on working on the money they earned the previous year. the state and federal governments impose this tax, in some cases, city and county also. For individuals, the employer deducts your federal, and state from each pay period. The amount they take workers is based on a W-4 form that filled out as part of the hiring process. company is required by law to hold income from their employees, with few exceptions. In order gain legal employment in the U.S., a person have a Social Security Number (SSN). This is number individuals use to file their taxes each .

The most common federal tax form used by is the form 1040, followed by the 1040EZ. federal tax forms are similar, but the form is more complex. The 1040EZ is a form many new employees use especially if they do earn much money. The rate that a person taxed is partially based on the number of that person has. For instance, if an individual a wife and three children, the husband can five dependents (including himself). This person will be at a lower rate than a person who only one, or two dependents. When filling out employer's W-4 form, individuals must be honest about number of dependents they claim.

The Internal Revenue (IRS) is the agency that collects income taxes the federal government, and in California, it is State Tax Franchise Board. Tax forms are available at www.irs.gov for federal taxes and at www.ftb.ca.gov California.