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Looking for advice on lowering your federal or state taxes? You’ve come to the right place. Plus, get news and advice related to tax brackets, property taxes, estate taxes and more.
Net income provides a more accurate account of the financial status. Here’s why.
Learn how these differ and how they both can impact your budget.
Certain windfalls are considered capital gains. Here’s how to determine what you’ll owe.
A person’s gross income is used to determine how much they have to pay toward federal and state income taxes.
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Looking for ways to lower your tax bill? Consider moving to one of these states.
Credit card interest on personal credit cards is not tax deductible, but interest on any card used exclusively for business purchases may be eligible for tax deductions.
Here are our top picks for tax software, including free and paid options.
The AMT has its own set of tax rates and requires a separate calculation.
You have to do some math to determine which method to use, but it’s worth it.
Your adjusted gross income is unique to you and can be found on your Form 1040.
The standard deduction is a set amount of money that’s not included as part of your taxable income when you file your taxes.
An itemized deduction is a qualifying expense that may reduce how much you owe in taxes.
You may be able to deduct certain medical expenses if they meet IRS requirements.
Knowing the difference can save you money come tax time.