Social Security benefits are handled differently than regular income by the IRS, which can make tax season tricky.

Only a few U.S. states currently do not levy personal income taxes. Donald Trump, however, has floated the idea of ...

Determining federal taxable income involves taking all sources of income received during the year and subtracting certain "above the line" deductions. (Above-the-line deductions are adjustments ...

You may be required to pay taxes on a portion of your Social Security benefits. Here's what you can expect to pay.

Learn how taxes on interest income work, how to report it on your taxes, and which interest income is taxable. Get the full ...

Last week, speaking on Fox News, Commerce Secretary Howard Lutnick appeared to threaten the repeal of the exemption under Section 883 of the ...

income from rental properties and other sources. Then subtract any income from that list that is considered an exclusion by the tax code, such as tax-free proceeds from a life insurance policy ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Janet Berry-Johnson is a CPA with 10 years of experience in public accounting and writes ...

the income is considered taxable. Key sources of taxable income include: Wages and salaries Investment income (including interest and dividends) Self-employment income Other sources (e.g., tips ...