Did You Know

The federal income tax almost didn’t make it into law because the Supreme Court initially objected to the fact that it was a direct tax, rather than being apportioned among the states based on population. The 16th amendment to the constitution overrode the Supreme Court’s ruling in 1913 and the direct income tax was born.

​You can’t avoid paying taxes. But understanding how taxes work can empower you to make smart choices about managing your finances and getting the highest net income.

A good tax plan can set up your personal finances strategically to take advantage of different tax breaks and tax credits. And this could help reduce how much you owe in taxes.