Tax for Dummies 101

The ultimate learning center for understanding taxes in plain English

๐Ÿง  Learn the Basics

What is Taxable?

Explore real-world examples of what the IRS considers incomeโ€”including ones that might surprise you.

Understanding Your Forms

W-2? 1099? Schedule C? We'll walk you through each form and when it applies to you.

Deductions vs. Credits

Learn the difference, how each affects your refund, and how to make the most of both.

×

Deductions vs. Credits

Deductions

Reduce your taxable income before your tax is calculated.

  • Standard Deduction
  • Medical and Dental Expenses
  • Charitable Contributions
  • Mortgage Interest
  • State and Local Taxes (SALT)
  • Student Loan Interest
  • IRA Contributions
  • Educator Expenses
  • HSA Contributions

Credits

Directly reduce your tax bill, dollar for dollar.

  • Child Tax Credit
  • Earned Income Tax Credit (EITC)
  • American Opportunity Credit
  • Lifetime Learning Credit
  • Saverโ€™s Credit
  • Child and Dependent Care Credit
  • Adoption Credit
  • Residential Energy Credits
  • Electric Vehicle (EV) Credit

Select what applies to you:

Deductions










Credits










Self-Employed & Gig Work

Understand quarterly taxes, write-offs, and how to stay compliant without getting overwhelmed.

๐Ÿ“ข Live Tax News & IRS Updates

๐Ÿ“… April 2025:

The IRS released new mileage rates for 2025 and expanded e-filing capabilities for self-employed individuals using Schedule C. This includes real-time validations and a faster submission process through modern e-file platforms.

๐Ÿ“… March 2025:

New Child Tax Credit guidelines have been issued, offering clarification for families where custody or household status changes during the year. Learn how to split the credit or alternate years when claiming dependents.

๐Ÿ“… February 2025:

The IRS published updates on Form 1099-K thresholds, confirming that payment platforms like PayPal, Venmo, and CashApp must report transactions over $5,000 annually. This affects many gig workers and online sellers.

๐Ÿ“… January 2025:

A new IRS advisory highlights upcoming seasonal audit triggers and increased scrutiny on refundable credits. Review your filings carefully to avoid delays or notices for Earned Income Credit and Premium Tax Credit claims.

๐Ÿ“š Tools & Downloads

[๐Ÿ“ PDF]

Simple Tax Checklist โ€” A printable list of documents to gather before filing, including income statements, deductions, dependents, and form references.

[๐Ÿ“Š Chart]

2024โ€“2025 Federal Tax Brackets โ€” Visual comparison of the latest IRS income tax rates for all filing statuses, including marginal rate breakdowns and thresholds.

[๐ŸŽฅ Video]

How to File Your Taxes Step-by-Step โ€” A beginner-friendly walkthrough of the filing process, including what forms youโ€™ll need and how to use online tools like e-File or tax software.

[๐Ÿ’ฌ Interactive]

IRS Interactive Tax Assistant โ€” Answer common tax questions online, like โ€œDo I need to file?โ€ or โ€œCan I claim a dependent?โ€ Powered by official IRS logic and updated for 2025.

โ† Back to Tech World Tax Homepage
×

2025 Federal Tax Brackets

Based on IRS inflation-adjusted thresholds for 2025.

Single Filers

  • 10% โ€” $0 to $11,600
  • 12% โ€” $11,601 to $47,150
  • 22% โ€” $47,151 to $100,525
  • 24% โ€” $100,526 to $191,950
  • 32% โ€” $191,951 to $243,725
  • 35% โ€” $243,726 to $609,350
  • 37% โ€” $609,351 and up

Married Filing Jointly

  • 10% โ€” $0 to $23,200
  • 12% โ€” $23,201 to $94,300
  • 22% โ€” $94,301 to $201,050
  • 24% โ€” $201,051 to $383,900
  • 32% โ€” $383,901 to $487,450
  • 35% โ€” $487,451 to $731,200
  • 37% โ€” $731,201 and up

Head of Household

  • 10% โ€” $0 to $16,550
  • 12% โ€” $16,551 to $63,100
  • 22% โ€” $63,101 to $100,500
  • 24% โ€” $100,501 to $191,950
  • 32% โ€” $191,951 to $243,700
  • 35% โ€” $243,701 to $609,350
  • 37% โ€” $609,351 and up

Married Filing Separately

  • 10% โ€” $0 to $11,600
  • 12% โ€” $11,601 to $47,150
  • 22% โ€” $47,151 to $100,525
  • 24% โ€” $100,526 to $191,950
  • 32% โ€” $191,951 to $243,725
  • 35% โ€” $243,726 to $365,600
  • 37% โ€” $365,601 and up