Discover what medical expenses are deductible, including examples like insurance premiums and prescriptions, and learn how ...

Unearned income is highly useful for anyone looking to accumulate wealth, but it does come with tax consequences. Here’s the deal. What Is Unearned Income? What’s the Difference Between Unearned ...

Your taxable income is your federal tax liability based on both earned and unearned income received during the tax year. An individual’s taxable income is the amount of money they’ve received over the ...

Learn how marginal relief prevents disproportionate tax liability when your income slightly exceeds a surcharge threshold, ensuring fairness in ...

If A, from the example in the article, had the same amount and type of taxable income in 2017 under the old kiddie tax rules and her parents had taxable income of $250,000 and they did not owe ...

Your income tax is far more complex than simply applying a tax rate to the money you earn. The U.S. tax code is quite complex, so it's no wonder many Americans don't know how their income tax is ...

Sorry to be the bearer of bad news, folks, but with only two months remaining this year, it's time once again to begin thinking about your federal income tax liability for 2017. Let's face it, paying ...

If you don’t know what Net Investment Income Tax (NIIT) is, you’re not alone. This relatively new tax began a little over a decade ago but the number of taxpayers subject to the tax has increased. For ...

For company founders and shareholders with an exit on the horizon, this isn’t a myth — a move for tax reasons can make a lot of financial sense. In tech hubs like the Bay Area and New York City, the ...