taxable income
Will U.S. Olympic Athletes Get Hit with a Tax Bill if They Win in Tokyo?
Will U.S. Olympic Athletes Get Hit with a Tax Bill if They Win in Tokyo?
Thanks to a law passed in 2016, our medal-winning athletes will have little to worry about from the IRS.
August 5, 2021
Calculating Taxes on Social Security Benefits
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…
March 23, 2021
Is Your Stimulus Check Taxable?
Is Your Stimulus Check Taxable?
You may be wondering if you have to pay taxes on your stimulus checks. The answer may surprise you.
March 12, 2021
How 10 Types of Retirement Income Get Taxed
How 10 Types of Retirement Income Get Taxed
When you're planning for retirement, it's fun to contemplate all the travel and rounds of golf ahead of you, but don’t forget about taxes.
February 9, 2021
The 2021 Capital Gains Tax Rate Thresholds Are Out – What Rate Will You Pay?
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
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The Stunning IRS Ruling That May Bankrupt Small Businesses That Took PPP 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
How 10 Types of Retirement Income Get Taxed
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
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
Selling Your Stuff: The Tax Dimension
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
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
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?
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
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
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
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
How Annuities Are Taxed
The rules vary based on the type of annuity and how you take the money.
March 8, 2013