Tax Basics
What is net income?
Net income provides a more accurate account of the financial status. Here’s why.
Long-term capital gains tax basics
Certain windfalls are considered capital gains. Here’s how to determine what you’ll owe.
What is gross income?
A person’s gross income is used to determine how much they have to pay toward federal and state income taxes.
Latest Tax Filing Articles
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How to file your taxes online
Most taxpayers already file electronically. Here’s a look at all the e-file options.
4 min read Dec 04, 2020
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Schedule D: How to report your capital gains (or losses) to the IRS
Sold an investment? The IRS wants a Schedule D. While the form is difficult, it’s worth the savings.
4 min read Sep 28, 2020
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How to write off bad debt
There are a few ways to offset losses from business debt or nonbusiness debt.
3 min read Jun 04, 2020
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Filing taxes for a deceased person
Here’s what to know if you’re responsible for filing taxes for a deceased spouse, parent or dependent.
5 min read Feb 17, 2020
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Oops — mistake on your tax return? Form 1040X to the rescue
If you discovered that you shortchanged yourself or the IRS, you can make amends.
3 min read Apr 20, 2017
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How to file your taxes at the last minute or get an extension
Don’t get penalized for filing late or not paying your tax on time. Follow these steps.
3 min read Apr 18, 2017
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7 ways to pay your tax bill online
You can settle up with the IRS using credit or debit, a digital wallet and more.
4 min read Apr 11, 2017
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5 stupid tax mistakes to avoid this filing season
These dumb tax moves can affect your personal finances well beyond tax season.
2 min read Mar 22, 2017
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IRA tax rate depends on retirement income
The rate of tax an investor pays on an IRA depends on income during the year of distribution.
2 min read Aug 20, 2010
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Taxable vs. nontaxable income: The lowdown on what’s taxable and what you can keep
Uncle Sam gets a cut of just about all types of income, but some does escape tax.
4 min read Feb 16, 2017