Tax Center

Ready to file your taxes? Find everything you need to know right here. Bankrate has neatly organized its tax content into categories – all beginning on this page – so that you can easily access the information that pertains to your particular tax situation.


Tax Adviser

How to avoid tax refund loans

There are much better options than falling for a tax refund anticipation loan or check. Read more

What tax bracket are you in? Most taxpayers see their income fall into several. And even when you find yourself in the top 39.6% bracket, that doesn't mean you're paying Uncle Sam nearly 40% of your income. Learn more here.
View the current tax brackets for single, married or head of household filings.
Check out the individual income tax rates and earnings to which they apply for 2014.
A FREE gross pay calculator and other net paycheck calculators to help consumers determine the actual take home amount.
Most states tax wage and salary income. Most also collect sales taxes. At more local levels, personal and real property are taxed. Learn about your state's tax levies at Bankrate's state tax rates page.
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Whether you work at an employer's office or run your own business, you'll have to report your earnings. Find the various tax breaks you're entitled to, along with ways to contribute to a retirement plan to prepare for life after work.
Those big events in your life have tax consequences -- some good, some bad.
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The IRS wants taxpayers to file electronically, offering free services as an incentive.
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Getting organized now will help make tax filing less frustrating and time-consuming.
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Looking for relief from state income taxes? Just move to one of these states.
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Most taxpayers are able to take advantage of at least some of the myriad tax credits and tax deductions available in our tax system. What's the difference? Both can reduce your tax bill, but one is much better than the other. Find out which tax breaks you're entitled to claim - and don't shortchange yourself!
If you give away lots of money during your life or after, taxes may be triggered.
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Exemptions are like deductions. You can claim $4,050 each for yourself and family members.
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Did you know you can save on taxes if you qualify for the lifetime learning credit?
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The garage construction doesn't qualify for the energy tax credit, but these things do.
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Find out tax-favored ways to make the most of work benefits, save for retirement and plan the estate you'll leave to your family.
While the limits on contributions aren't changing, other tweaks may affect you. 
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Beware of these costs if you take money out of your retirement plan to buy a home.
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The CPA likely tried to help your mom, who qualifies to appeal the tax underpayments.
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The rules are tricky when it's time to take money out of your 401(k) and IRA.
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There are different ways to make money. Uncle Sam generally wants a cut of all types of earnings. Investment earnings, however, generally are taxed at lower rates. Uncle Sam, however, has a heart. When your investments go bad, you get a tax break. And then there's the biggest tax break of all – the capital gains exclusion pertaining to your home investment.
You could claim that huge loss if you meet certain criteria. Here are the rules.
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The tax owed from a business sale depends on many things. Here's what you need to know.
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A home equity line of credit doesn't affect a home's capital gain as much as this.
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Talk with a pro to determine your liability on the sale of the property you were given.
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Stay on top of the latest developments in the tax world.

When do we owe tax on RMDs? Can income tax withholding occur with last distribution?

Dear Tax Talk, My husband Rich turned 70 1/2 in February of 2016. We decided to postpone taking out his total required minimum distributions, or RMDs, and took only a portion so we could create a taxable event in 2016 to take advantage of the deductions and exemptions. So now he will be required to take the remaining 2016 RMD prior to April 1, 2017 and the 2017 RMD prior to Dec. 31, 2017. So, we will be paying taxes on two RMDs when we file in 2018.