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Financial Literacy - Taxes
OVERVIEW
Tax planning
Learn about your effective tax rate, how to claim deductions and how to avoid making common mistakes.
Taxes made easy

 Overview
Look inside
 Figuring your effective tax rate
The U.S. tax system is progressive, with six income tax brackets ranging from 10 percent to 35 percent. Where do you fit in?
 Legitimate ways to reduce your tax bill
Most taxpayers take the standard deduction, but it may pay off to itemize. Here's what the IRS will let you write off.
 10 common tax-filing mistakes
The IRS and tax pros say they see these same errors every filing season. Avoid these common blunders.
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