Capital gains count as taxable income and can affect your tax bracket, deductions and rates. They are taxed as short-term or long-term gains depending on how long you owned the asset and your total ...

A Washington state couple’s fight to get a $14,729 tax refund – and the meaning of "income" under the 16 Amendment – made it all the way to the U.S. Supreme Court this week in a case that might upend ...

The One Big Beautiful Bill brought several changes to personal income taxes. Learn what you need to know for the upcoming tax season.

Discover how taxes slash a $1.5 billion Powerball jackpot, with winners taking home far less after federal and state cuts.

Some states don't have any income tax, meaning retirement income is also exempt. Seven states offer exemptions for various forms of retirement income. Forty-one states, plus Washington, D.C., don't ...

Millions of Americans could soon face steeper tax bills when massive components of the Tax Cuts and Jobs Act expire at the end of 2025. Enacted by former President Donald Trump in 2017, the law ...

Discover what sundry income is, its impact on business finances, and see examples such as royalties and late fees. Learn how ...