Calculating the precise amount you owe to the IRS takes some time. How much varies depending on where you live and work. Here's how income tax works.

Determining whether your revenue stream qualifies as hobby income isn’t always easy. So, it is important to know your income type and how to claim it on your tax return.

The reason provisional income should concern many is that it determines how much of your hard-earned Social Security benefit could be taxed, reducing the net amount you actually receive.

With the tax season upon us, now is the time to take stock of all taxable income. While that may seem like a simple and straightforward task, it's not always so clear-cut, even if you're a ...

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 decade ago but the number of taxpayers subject to the tax has ...