United States federal income tax

URI: https://gptkb.org/entity/United_States_federal_income_tax

GPTKB entity

Statements (77)

Predicate	Object
gptkbp:instanceOf	gptkb:tax_law
gptkbp:administeredBy	gptkb:Internal_Revenue_Service
gptkbp:appliesTo	corporations individuals estates trusts
gptkbp:auditedBy	true
gptkbp:codifiedIn	gptkb:Title_26_of_the_United_States_Code
gptkbp:country	gptkb:United_States
gptkbp:deductionsAvailable	standard deduction itemized deductions personal exemptions
gptkbp:employerWithholding	required
gptkbp:established	1913
gptkbp:establishedBy	gptkb:Sixteenth_Amendment_to_the_United_States_Constitution
gptkbp:filingDeadline	gptkb:April_15
gptkbp:filingStatusAffectsTax	true
gptkbp:filingStatuses	single head of household married filing jointly married filing separately qualifying widow(er)
gptkbp:fiscalYear	annual
gptkbp:highestMarginalRate2023	37%
https://www.w3.org/2000/01/rdf-schema#label	United States federal income tax
gptkbp:lowestMarginalRate2023	10%
gptkbp:notableCollection	gptkb:Internal_Revenue_Service
gptkbp:penaltiesForLateFiling	true
gptkbp:penaltiesForUnderpayment	true
gptkbp:progressive	true
gptkbp:refundsPossible	true
gptkbp:selfEmployedPayEstimatedTax	true
gptkbp:subjectToAdditionalMedicareTax	true
gptkbp:subjectToAlternativeMinimumTax	true
gptkbp:subjectToNetInvestmentIncomeTax	true
gptkbp:taxableIncomeIncludes	wages interest salaries dividends capital gains business income other income
gptkbp:taxCode	gptkb:Internal_Revenue_Code
gptkbp:taxCreditsAvailable	gptkb:American_Opportunity_Credit gptkb:Child_Tax_Credit gptkb:Premium_Tax_Credit gptkb:Adoption_Credit gptkb:Child_and_Dependent_Care_Credit gptkb:Credit_for_Employer-Provided_Childcare_Facilities_and_Services gptkb:Credit_for_Employer_Social_Security_and_Medicare_Taxes_Paid_on_Certain_Employee_Tips gptkb:Credit_for_Excess_Social_Security_Tax_Withheld gptkb:Credit_for_Federal_Tax_on_Fuels gptkb:Credit_for_Increasing_Research_Activities gptkb:Credit_for_Prior_Year_Minimum_Tax gptkb:Credit_for_Qualified_Adoption_Expenses gptkb:Credit_for_Qualified_Plug-in_Electric_Drive_Motor_Vehicles gptkb:Credit_for_Small_Employer_Health_Insurance_Premiums gptkb:Credit_for_the_Elderly_or_Disabled gptkb:Foreign_Tax_Credit gptkb:General_Business_Credit gptkb:Health_Coverage_Tax_Credit gptkb:Low-Income_Housing_Credit gptkb:Residential_Energy_Credits gptkb:Retirement_Savings_Contributions_Credit gptkb:Work_Opportunity_Credit gptkb:Lifetime_Learning_Credit gptkb:Saver's_Credit gptkb:Earned_Income_Tax_Credit Credit for Qualified Electric Vehicle Refueling Property Education Credits
gptkbp:taxRates	varies by income
gptkbp:taxStatus	gptkb:Form_1040 gptkb:Form_1120
gptkbp:usedFor	funding federal government
gptkbp:bfsParent	gptkb:Credit_for_Other_Dependents gptkb:Schedule_A_(Form_1040)
gptkbp:bfsLayer	6