Here's what you should know about income tax, what it is, how it works, how to calculate it and which states don't have it.

Your effective tax rate is a good indicator of how well you’ve been managing your tax situation. It’s smart to calculate your effective tax rate each year to help you make adjustments to your ...

The alternative minimum tax (AMT) calculation determines whether a taxpayer must pay an additional amount beyond their regular income tax liability. To calculate AMT, taxable income is adjusted by ...

Filing taxes can get confusing, especially with all the forms and applications. Whether you file with help from a professional or on your own, calculating the precise total you owe to Internal Revenue ...

It’s hard enough to purchase a home today with mortgage rates near 7% and, apologies for being the bearer of worse news, there’s another housing cost that’s also spiking: property taxes Mortgage rates ...

Tax season can be one of the most stressful times of year for some individuals and families. But for many it comes with a nice bonus at the end: that great tax refund. While that refund may sound ...