taxable income

The 2021 Capital Gains Tax Rate Thresholds Are Out – What Rate Will You Pay?
Tax Breaks

The 2021 Capital Gains Tax Rate Thresholds Are Out – What Rate Will You Pay?

Which tax rate applies to your 2021 long-term capital gains will depend on your taxable income.
October 27, 2020
IRS Releases Income Tax Brackets for 2021
tax brackets

IRS Releases Income Tax Brackets for 2021

The tax rates didn't change, but the tax bracket income ranges for the 2021 tax year are adjusted to account for inflation.
October 27, 2020
What Are the Income Tax Brackets for 2020?
tax brackets

What Are the Income Tax Brackets for 2020?

Depending on your taxable income, you can end up in one of seven different federal income tax brackets – each with its own marginal tax rate.
October 27, 2020
Millions of Americans Will Receive a Tax Refund Interest Check from the IRS
tax refunds

Millions of Americans Will Receive a Tax Refund Interest Check from the IRS

Payments will go to people who filed their tax return by July 15 and received a refund in the past three months or are still waiting for a refund.
August 18, 2020
Calculating Taxes on Social Security Benefits
social security

Calculating Taxes on Social Security Benefits

Uncle Sam can tax up to 85% of your Social Security benefits if you have other sources of income, such as earnings from work or withdrawals from tax-d…
August 4, 2020

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The Stunning IRS Ruling That May Bankrupt Small Businesses That Took PPP Loans
small business loans

The Stunning IRS Ruling That May Bankrupt Small Businesses That Took PPP Loans

The Paycheck Protection Program rolled out with great fanfare to help save small businesses during the coronavirus pandemic. But something the IRS jus…
May 8, 2020
14 States That Won't Tax Your Pension
retirement

14 States That Won't Tax Your Pension

Most states tax at least a portion of income from private-sector defined benefit plans. Your state might have a pension exclusion, but chances are it'…
February 12, 2020
How 10 Types of Retirement Income Get Taxed
retirement

How 10 Types of Retirement Income Get Taxed

When you're planning for retirement, it's fun to contemplate all the cruises, rounds of golf and restaurant meals you have ahead of you.
January 27, 2020
How 11 Types of Retirement Income Get Taxed
retirement

How 11 Types of Retirement Income Get Taxed

When you’re planning for retirement, it’s fun to contemplate all the cruises, rounds of golf and restaurant meals you have ahead of you.
January 27, 2020
What Are the Income Tax Brackets for 2019 vs. 2018?
income tax

What Are the Income Tax Brackets for 2019 vs. 2018?

If you're already looking ahead to April 15, 2020, here are the income tax brackets for the 2019 tax year. And thanks to "chained" indexing, some taxp…
November 15, 2019
Selling Your Stuff: The Tax Dimension
taxable income

Selling Your Stuff: The Tax Dimension

Thinking about clearing out your collectibles or selling off the antique furniture Grandma left you? Be careful, because the IRS may want a cut of you…
April 26, 2019
14 Ways for Everyone to Save on Taxes Under the New Tax Law
taxable income

14 Ways for Everyone to Save on Taxes Under the New Tax Law

We’re living in a new tax world now, thanks to the overhaul passed by Congress last year.
September 6, 2018
How Your Social Security Benefits Are Taxed
social security

How Your Social Security Benefits Are Taxed

Uncle Sam may take a bite on up to 85% of your benefits.
February 22, 2018
Under the New Tax Law, Is My Alimony Tax-Free?
alimony

Under the New Tax Law, Is My Alimony Tax-Free?

The new policy goes into effect in 2019. Older divorces can be modified to follow the new rules—if both parties agree.
February 9, 2018
7 Smart Ways to Lower Your Taxable Income
taxable income

7 Smart Ways to Lower Your Taxable Income

Reducing your taxable income is one of the most effective ways to lower your taxes, with some moves doing double duty as both deductions themselves an…
December 13, 2017
How to Calculate the Tax Bill on Withdrawals from Variable Annuities
annuities

How to Calculate the Tax Bill on Withdrawals from Variable Annuities

Some or all of your withdrawals could be taxed, depending on how you made your initial investment and how you’re pulling money out.
July 25, 2017
How Annuity Withdrawals Are Taxed
taxes

How Annuity Withdrawals Are Taxed

How much you owe the IRS depends on whether you take withdrawals when you need them or choose to annuitize the balance.
June 15, 2015
How Annuities Are Taxed
annuities

How Annuities Are Taxed

The rules vary based on the type of annuity and how you take the money.
March 8, 2013