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

Help! The IRS can't find my W-2

Take these steps to find out why the IRS doesn't have a record of your work. 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.
Looking for relief from state income taxes? Just move to one of these states.
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These laws target high-income taxpayers. Does that include you?
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The tax man is lenient about certain teen jobs, but be on guard for this trap.
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There are tax implications -- some good, some not so great -- for life's milestones.
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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!
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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The refundable earned income tax credit can be a great benefit that's worth waiting for.
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As kids go back to school, check out these tax breaks for a family's education costs.
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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.
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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You won't owe taxes if you pay fees from your IRA. In fact, there may be other tax breaks. 
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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.
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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Residing in your old home may help you qualify for a big tax break when you sell it.
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After converting your home to a rental property, your taxes became more complicated.
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Stay on top of the latest developments in the tax world.

Paying medical bills with 401(k) triggers Obamacare debt

Dear Tax Talk, I was laid off in January of 2015. I went on unemployment while looking for a new job. I was 64 years old at the time. My girlfriend became unemployed due to stage 4 ovarian cancer during this time. She lost her health care from her job, but was able to get Affordable Care Act (ACA) insurance with discounts based on her loss of income to help cover the cost of chemo. When her savings was gone, she borrowed from her 401(k) to pay bills.