For example, if you have a mortgage on a house with a market value of $200,000 and the balance on your loan is $150,000, you can add $50,000 to your net worth. Your income is not included in a net ...

If you don’t know what Net Investment Income Tax (NIIT) is, you’re not alone. This relatively new tax began a little over a ...

A financial document generated monthly and/or annually that reports the earnings of a company by stating all relevant revenues (or gross income) and expenses in order to calculate net income.

Income can be divided into several categories, including gross versus net income and earned versus unearned income. Income is a form of compensation or benefits received for work performed or from ...

When they file their returns this year, high-income taxpayers should be prepared for an additional hit. The net investment ...