Individual taxpayers are people who earn income and are required to pay taxes to the government. This includes wages from a job, profits from a business, and other sources of income. Individual taxpayers must file tax returns, which report their earnings and calculate how much tax they owe or how much refund they may receive. In many countries, individual taxpayers are subject to different tax rates based on their income levels. They may also qualify for various deductions and credits that can reduce their overall tax liability. Understanding the tax system is important for individual taxpayers to ensure compliance and optimize their financial situation.