Federal taxes are tolls collected under a variety of circumstances in order to establish a federal fund. Federal taxes fund all government activity from education, to infrastructure, to the military, to government employee salaries. 

Federal taxes are assessed in two ways, at the moment or annually. For federal tariffs, the tax is paid at the time a product is purchased. For federal income tax, it is assessed every pay period with a full return processed annually. 

There are a number of federal taxes that serve a variety of purposes. There are specific taxes such as the federal gas tax or tariffs. There are also general fund taxes such as federal income tax. Other types of taxes include social security tax, medicare tax, and excise taxes. 

For most U.S. citizens, tax season lasts from January 1 until April 15. The IRS states that annual filings must be completed within four months and 15 days after the end of the fiscal year. In the event that the 15th is on a weekend the window is automatically extended to the next business day, but extensions can be requested. 

For individuals filing income taxes, there is the standard deduction. This deduction assumes a certain number of events and provides deductions for everyday expenses. Additionally, there are charitable contributions that can be used as deductions as well as situational deductions for specific taxes. To know what deductibles are available a tax law lawyer should be consulted.