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Capital gains are profits made from the sale of real estate, investments and personal property. Get the latest capital gains tax rates and investment tax advice.
The average tax return for the 2020 tax year was $2,827, a 13.24 percent increase from the previous year.
A person’s gross income is used to determine how much they have to pay toward federal and state income taxes.
Regardless of what may cause a person to miss the tax-filing deadline, there are potential consequences.
There are ways to avoid a capital gains tax on a home sale so you can keep as much profit in your pocket as possible.
If you give away lots of money during your life or after, taxes may be triggered.
For lower-income filers, money put away for retirement could cut today’s tax bill.
No fooling: The IRS says some older taxpayers must withdraw a bit of IRA money by April 1.
Beneficiaries will owe tax when the bond is redeemed, but students may get a break.
Worried about retirement income? Follow these 5 strategies to lessen tax liability.
You’ll have to pay capital gains on the sale of your rental property. Here’s why.
The tax bill depends on how your investments have performed. Here’s how to calculate it.
Taking a loss can pay off at tax-filing time, as long as you sell by the end of the tax year.
Compare the numbers on your 1040 with those sent by the IRS to find the problem.
You can each receive up to $100,000, but be sure to follow all the reporting rules.