What is capital gains tax?
The Bankrate.com financial term of the day is: "capital gains tax."
Capital gains tax is a tax that's owed when you make money from selling stock or a piece of property. Uncle Sam gets a cut of your profits.
When you're holding investments or real estate and let them go at prices higher than you paid, your profits are subject to capital gains tax.
For up-to-date tax information, visit the Taxes section at Bankrate.com.
The IRS offers several ways to pay your tax tab electronically.
The April 15 deadline is nearing, so pay attention to these last-minute tips.
A portion of your earned wages is deducted from your paycheck and set aside for taxes.
Don't miss these tax breaks -- they could save you some cash.
Before going out and spending the money, consider other options for your tax refund.
Can a couple find common ground when it comes to debt?
Follow this 6-month homeowner countdown so you are ready come closing day.
Pay attention to fees on prepaid cards because in most cases you can avoid them.
Sleep better at night knowing you have extra money tucked away for unplanned expenses.
Do you want your kids to be smart about money? Follow these tips to get them started.
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A little research could save you BIG on interest.
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