Tax Year
TaxesThe 12-month period for which a tax return is filed, typically January 1 through December 31 for individuals.
Example
Example: On a $75,000 salary, understanding tax year could save you hundreds or thousands at tax time. For instance, if you are in the 22% marginal bracket, knowing how tax year works helps you make smarter decisions about deductions, credits, and withholding. Check your tax picture with our income tax calculator.