Taxes are how governments collect money to run the government and to provide services to the population from health care, to roads and policing. Two main types of taxes are property taxes and income tax.
If you own real property, you will be required to pay property taxes. Understand how these taxes are determined and how the funds are used.
An income tax return is used to calculate your taxable income, deductions and tax credits. It may also be required to qualify for some federal programming.