The alternative minimum tax (AMT) calculation determines whether a taxpayer must pay an additional amount beyond their regular income tax liability. To calculate AMT, taxable income is adjusted by ...

Here's what to know about income tax ahead of tax season, including what it is, how it works, how to calculate it and which ...

When considering tax-efficient investment options, many investors wonder which mutual funds are tax-exempt. These funds, usually municipal bonds, generate income that is often exempt from federal and ...

Bonds can provide passive income, some of which may be tax-free if you’re investing in municipal bonds. The tax-equivalent yield formula can be a useful tool for comparing taxable and tax-free bond ...

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 ...

You can use the online Taxpayer Assistance Center locator to find an IRS tax office near you. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

Every tax season millions of taxpayers will spend money to file their return when they may not have to. The National Taxpayer Advocate has estimated around 70% of taxpayers are eligible to use IRS ...

Filing taxes is an annual requirement that affects nearly every working American, yet many find themselves overwhelmed by this routine financial obligation. While W-2 employees face a relatively ...

It’s hard enough to purchase a home today with mortgage rates near 7% and, apologies for being the bearer of worse news, there’s another housing cost that’s also spiking: property taxes Mortgage rates ...