When you are in the 25 percent tax bracket, this does not mean that you have to pay taxes on 25 percent of your total income that you earned.

As a taxpayer, it's important that you take full advantage of any tax cuts that you are eligible for. A Virginia tax attorney can help you to take advantage of tax breaks so you can save as much as possible on your taxes.

Filing taxes can be complicated, but you're still expected to provide correct information to the IRS despite the fact that doing so is often a challenge. If you discover a mistake in your tax return from this year, or from prior years, you may need to submit an amended return to correct the errors on the forms you submitted to the Internal Revenue Service.

Federal lawmakers are hoping to pass a tax reform bill by the end of the 2017 year. The current proposals to overhaul the tax code involve changing tax rates as well as eliminating many of the current tax deductions.

There are many tax deductions that individuals and businesses take in order to reduce their tax liability. One of the most popular of the itemized deduction is called the SALT deduction. The SALT deduction is an acronym used to describe the state and local tax deduction. Essentially, tax-filers who take the SALT deduction pay taxes to their states in the form of real estate taxes, local income taxes, and other related tax costs.