Making Your Tax Bracket Work Have you explored all your options when it comes to managing your taxable income? Share | Related Content What If You Get Audited? The chances of an IRS audit aren't that high. And being audited does not necessarily imply that the IRS suspects wrongdoing. Does Your Child Need to File an Income Tax Return? When your child has income, there’s a good chance that he or she will need to report it and pay taxes. Tax Rules When Selling Your Home The tax rules governing profits you realize from the sale of your home have changed in recent years.