Tax Law refers to the legal rules and regulations that govern how taxes are collected, assessed, and enforced by governments. It encompasses various types of taxes, including income tax, property tax, and sales tax, and outlines the obligations of individuals and businesses to report their earnings and pay taxes accordingly. Tax laws are established by federal, state, and local governments, and they can vary significantly between jurisdictions. These laws also provide guidelines for tax deductions, credits, and exemptions, helping taxpayers understand their rights and responsibilities. Compliance with Tax Law is essential to avoid penalties and ensure fair contribution to public services.