If you receive Social Security benefits, keep in mind that you likely need to pay taxes on that money. Like many parts of the ...

New year, new tax filing. Filing taxes may not be the easiest task, especially with its time-consuming forms and applications. Whether you file with help from a professional or on your own, ...

Effective tax rate is your average tax rate as a percentage of total income. Marginal tax rate is the tax on your highest dollar earned, not your total income. Historically, top marginal rates have ...

Adjusted gross income is a tax term everyone should understand. Also known as AGI, it has ramifications that extend beyond the tax season. “People are asking you all the time for your adjusted gross ...

Input the total of your itemized deductions, such as mortgage interest, charitable contributions, medical and dental expenses, and state taxes. If your total itemized deductions are less than the ...

How is the expanded child tax credit different in 2023? The expansion would primarily benefit lower-income families for tax year 2023, especially those with multiple children. The amount a family ...

How the dividend tax rate is calculated depends on the type of dividend received. Qualified dividends are taxed at capital gains rates. Ordinary (non-qualified) dividends are taxed based on ordinary ...