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Federal Income Tax

Welcome to Federal Income Tax

Welcome to Federal Income Tax

Federal income-tax law affects every person and institution in the United States. In this course, you'll learn the foundational concepts of federal income taxation, including income, exclusions, deductions, rules for property transactions, and timing.


Welcome to Basic Federal Income Tax! Designed for 2Ls and 3Ls, this course features 34 lesson videos divided into six chapters.

Chapter one introduces the broad contours of the federal income-tax system. We'll start by learning the main sources of federal income-tax law, including the United States Constitution, the Internal Revenue Code, and Treasury regulations. Then, we'll learn how to calculate an individual's income-tax liability, introducing key concepts as we go, and we'll discover...