{"id":623,"date":"2023-12-16T03:03:00","date_gmt":"2023-12-16T03:03:00","guid":{"rendered":"http:\/\/www.irstaxapp.com\/?p=623"},"modified":"2023-12-17T11:48:39","modified_gmt":"2023-12-17T11:48:39","slug":"how-to-do-taxes-i-mean-how-to-compute-taxable-income-tax","status":"publish","type":"post","link":"https:\/\/www.irstaxapp.com\/how-to-do-taxes-i-mean-how-to-compute-taxable-income-tax\/","title":{"rendered":"How to Do Taxes? : Learn in 7 Steps !"},"content":{"rendered":"\n
\"how <\/picture><\/figure>\n\n\n\n

That is a ubiquitous question \u2013how do taxes<\/strong>? Under the Internal Revenue Code, there is a fixed procedure to compute your gross income, claim tax deductions and tax credits, arrive at the taxable income (total income ), and compute the tax as per your income tax bracket<\/a>.<\/p>\n\n\n\n

The starting point of tax computation is often the most difficult for a taxpayer, followed by claiming tax deductions<\/a> and tax credits, which have many ifs and buts conditions. <\/p>\n\n\n\n

Yes, many websites provide how to do taxes online, but that helps only those who understand some basics of the computation of income and taxes. <\/p>\n\n\n\n

So why not simplify the basic concept of tax computation under US tax law in just seven steps?I am sure after reading this post, you may not ask the answer to the question “How to Do Taxes?<\/em>“. You may not need a costly tax attorney for simple types of tax returns, and using the free file tax program, you can even file your tax return successfully. <\/p>\n\n\n\n

\n

Table of Contents<\/p>\n