The net investment income tax (NIIT) is a 3.8 percent tax on net investment income for individuals exceeding certain income ...

The Backdoor Roth IRA is a valuable retirement savings tool for high-income earners looking to maximize tax-free retirement ...

Retirement is supposed to be about relaxation and enjoying the rewards of your hard work. But before you kick back, there's ...

To enroll, troops should visit fsafeds.gov, select “Qualifying Life Event” from the “enroll” drop down menu, then choose the ...

Retirement account withdrawals and earnings from a job may not be the only taxable income you have, either. The federal ...

Importantly, retirees that owe tax on Social Security income must make quarterly estimated payments to the Internal Revenue ...

Most U.S. expats will not have to pay U.S. taxes, but there are some situations where a U.S. tax debt can occur.

Raising children is expensive. At least when it comes to taxes, kids can help reduce the amount you owe Uncle Sam. Here are six child-related tax credits parents may be able to take advantage of ...

Edmunds takes a look at the key rules for buying new, buying used, and leasing electric vehicles—and then digs into the ...

While Social Security benefits are designed to provide a safety net, they are not always tax-free. Knowing whether you'll owe taxes on the benefits you receive is important as you budget ...

The credit begins to incrementally decrease at certain income levels and completely phases out once your modified adjusted gross income exceeds the given threshold for that tax year. For the 2024 ...