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.

Annual gross income Think of this as your salary, or the sum of your wages and tips, plus any income from interest, dividends, alimony, retirement distributions, unemployment compensation and Social ...

Taxes are involved in almost all of your financial choices, including the choice of a job or budgeting your monthly payments.

Understanding your paycheck has become more complicated than ever. Between federal taxes, state income tax, local taxes, ...

Your effective tax rate is a good indicator of how well you’ve been managing your tax situation. It’s smart to calculate your effective tax rate each year to help you make adjustments to your ...

Adjusted gross income is an important number used to determine how much you owe in taxes. It’s a factor in determining your federal tax bracket and taxable income — the portion of your income subject ...

Learn how the new "no tax on tips" deduction can reduce your federal taxable income by up to $25,000 if you earn tips at work ...

Estimating taxes accurately is crucial for financial planning, and using Excel templates can significantly simplify this process. Here are some highly effective Excel templates that can help you ...

America’s tax code can be a rather tricky one, making the process of doing your taxes seem incredibly laborious — not to mention expensive. Year after year, taxpayers have to make their way through ...

Learn how to accurately calculate bonus pay and taxes to ensure you comply with tax regulations and provide accurate compensation to employees. Bonuses can be an excellent tool to incentivize and ...