Personal Taxes

Personal Income Tax

The government collects income tax from U.S. residents each year. Personal income tax revenues help the federal government fund such things as road construction, national defense, and the welfare system. If employed, an individual's employer will withhold income taxes. Because self-employed individuals do not have taxes withheld, they will generally pay estimated taxes throughout the year.; please see details for more information. Questions? Our team of experts is happy to help. Contact Us at 1-877-976-8030 or info@netsurancefl.com.

What Is Income Tax?

Income tax is a type of tax that governments impose on income generated by businesses and individuals within their jurisdiction. By law, taxpayers must file an income tax return annually to determine their tax obligations.

Income taxes are a source of revenue for governments. They are used to fund public services, pay government obligations, and provide goods for citizens.

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