Tax Basics
What is net income?
Net income provides a more accurate account of the financial status. Here’s why.
Tax deadlines for 2022
As of now, the deadline for filing your 2021 taxes is April 15, 2022
The average tax refund
The average tax return for the 2020 tax year was $2,827, a 13.24 percent increase from the previous year.
Latest Articles
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Deducting investment interest expense
Your mortgage interest can offset investment income from dividends, interest and capital gains.
2 min read Jan 12, 2012
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12 tempting tax tips for 2012
No new taxes are planned, but you may want to take advantage of loopholes before they close.
5 min read Dec 27, 2011
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Top 1 percent: How much do they earn?
Many believe this group bleeds money, but that’s not always the case.
3 min read Oct 24, 2011
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Capital gains tax on sale of gold or silver
When you sell personal property, you have to pay tax on the gain, but there’s no deduction for a loss.
2 min read Oct 06, 2011
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How to pay taxes on a Roth IRA conversion
After losing a job, a tax bill for your IRA conversion is the last thing you need.
3 min read Jul 28, 2011
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How taxes affect investing gains, losses
Consider capital gains, losses and dividends while investing in stocks and bonds.
3 min read Jul 05, 2011
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Converting nondeductible IRA to Roth
All gains in your IRA will be taxed at ordinary income tax rates, no matter what their nature.
2 min read May 17, 2011
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What happens to investment interest expenses?
The investment interest expense of the decedent spouse is not eligible for carry-over.
1 min read May 03, 2011
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Capital gains treatment of warrants
With warrants, your holding period starts the day you exercise your right to acquire the stock.
1 min read Mar 08, 2011
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Penalty on withdrawals from Roth IRA?
Whether you pay a penalty on Roth IRA withdrawals depends on a few factors.
3 min read Jan 25, 2011