Here's what you should know about income tax, what it is, how it works, how to calculate it and which states don't have it.

Workers can reduce their tax bill by saving for retirement in tax-advantaged accounts. Traditional retirement accounts offer an immediate tax deduction, while Roth accounts provide tax-free income in ...

There’s an important capital gains tax exclusion you might qualify for if you sell your home. The exclusion is worth up to ...

An audit of Susan’s IRA activity revealed that she paid income tax on $50,000 that qualified to be tax-free. Susan mistakenly believed that her IRA custodian would inform her how much of her ...

Taxpayers must turn 65 before the end of 2025 to qualify for a new proposed deduction on next year's tax return. It would not matter if you're receiving Social Security benefits or delaying to claim.

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Follow Kathleen Elkins Every time Kathleen publishes a story, you’ll get an alert straight to your ...

Business owners have a lot to unpack in the One Big Beautiful Bill Act (OBBBA). Here’s how it incentivizes the C-corp structure, particularly in growth-focused businesses. The OBBBA solidifies the 21% ...