By diversifying your retirement income sources to include some of these tax-free options, you can potentially lower your ...

Withholding tax is deducted from employee wages to prepay state and federal taxes. Different types apply, including for income, Social Security, and Medicare. To calculate, adjust for allowances ...

A tax credit directly reduces a person’s actual tax liability, or tax bill. Unlike deductions (which reduce income before ...

These details and their accompanying policies are, essentially, the tax code’s answer to the “mommy wars” between working ...

Keep in mind, too, that there are nine states that don’t tax your income. Here are eight types of income that are free from federal taxes. Child support payments are nontaxable income for those ...

The approximate number of U.S. jurisdictions—cities, townships, and counties—that allow tax lien sales, across 23 states. There are two types of tax sales that can occur when a property has ...

One of the most overlooked aspects of retirement planning is the effect taxes have on someone. Taxes can take a significant bite out of your nest egg without proper planning. For example, a $1 ...

Report the interest income on your tax return, and attach Schedule B for amounts over $1,500. When you think of your income, a paycheck probably comes to mind. But there are many other types of ...