Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

In an effort to increase the transparency and usefulness of the income tax footnote disclosures, FASB promulgated Accounting ...

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 ...

Yes, the due date for your 2025 federal income tax return is still months away. But the go-getters among us are already thinking about our 2026 federal tax returns. It’s never too early to begin ...

The qualified business income deduction, also known as QBI, is one of the most powerful deductions still on the books for ...

Jeanette Beebe is an experienced journalist, fact-checker, and audio producer covering personal finance, retirement, science, business, medicine, technology, and the arts. Her reporting has appeared ...

Hobby income differs from other types of income (like self-employment income and income from your side hustle), and the IRS taxes each type differently. Determining whether your revenue stream ...

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 ...

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 ...

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 ...

For example, someone currently earning £99,000 will pay combined income tax and national insurance of about £31,000 in ...