Income Tax

Understanding how the income tax system works—and ways to minimize the amount you owe—is essential to financial planning. Learn about tax brackets, filing status, how to file taxes, and more.

Frequently Asked Questions
Key Terms

Explore Income Tax

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Countries Without Income Taxes
Income Definition: Types, Examples, and Taxes
Cheap Ways to Get a Tax Refund Faster
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12 Top Sources of Nontaxable Income
1040 Form
Employer Identification Number (EIN): Who Needs It, How to Get It
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Top 10 Offshore Tax Havens in the Caribbean
Gross Income vs. Earned Income: What's the Difference?
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Single Withholding vs. Married Withholding: What’s the Difference?
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Will Moving Into a Higher Tax Bracket Give Me a Lower Net Income?
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Backup Withholding: Definition, How It Works, Who Is Subject?
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Exempt Income: Definition, Examples, and Tax Rules
What Is a Flow-Through (Pass-Through) Entity, Types, Pros & Cons
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Notice of Assessment (NOA)
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Ordinary Income
What Is Unearned Income and How Is It Taxed?
What Are the Best Ways to Lower Taxable Income?
Did You Withhold Too Little? You Could Owe Tax Penalties
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How to Report Interest Income
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How to Owe Nothing with Your Federal Tax Return
13 Most Important Notes About 2018 Taxes
Deadlines for 2022 Estimated Taxes
Americans File Their Returns On Tax Day 2019
Do I Have to File Taxes?
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Reasons to File an Early Tax Return
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H&R Block vs. TurboTax vs. Jackson Hewitt: What’s the Difference?
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Self-Employed Contributions Act (SECA) Tax
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8 Steps To Take Before You Prepare Your Taxes
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What Makes Singapore a Tax Haven?
Adjusted gross income AGI.
Net Income vs. Adjusted Gross Income (AGI): What's the Difference?
Financial Data Analyzing
How to Calculate Adjusted Gross Income (AGI) for Tax Purposes
9 Sources for Free Tax Help
Income Tax Refund Check on Tax Forms
7 Reasons You Haven’t Received Your Tax Refund
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Tax Preparer vs. Software: How To Choose
Tax
Federal Withholding Tax vs. State Withholding Tax: What's the Difference?
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State Income Tax vs. Federal Income Tax: What's the Difference?
Taxable Income vs. Gross Income: What's the Difference?
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Taxable Income: What It Is, What Counts, and How To Calculate
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What Is a Tax Return and How Long Must You Keep Them?
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How to Find the Best Tax Preparer for You
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Capital Gains Tax 101
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Withholding Allowance: What Is it, How Does It Work in a Paycheck?
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9 Ways that the Latest Tax Laws Affect Millennials
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What Is Adjusted Gross Income (AGI)?
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Withholding Tax Explained: Types and How It's Calculated
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What Is a Progressive Tax? Advantages and Disadvantages
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Tax Liability: Definition, Calculation, and Example
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What Is a Tax Refund? Definition and When To Expect It
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How to Prepare Your Bitcoin Tax Filing
Tax Haven: Definition, Examples, Advantages, and Legality
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Understanding Tax Brackets, With Examples and Their Pros and Cons
Is a Progressive Tax More Fair Than a Flat Tax?
What Do I Pay in Taxes If My Employer Doesn't Withhold Payroll Taxes?
Annualized Income
Tax Shelter
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Proportional Tax Meaning, Example, Pros and Cons
What Are Some Ways to Minimize Tax Liability?
Parsonage Allowance
Modified Adjusted Gross Income (MAGI)
Modified Adjusted Gross Income (MAGI): Calculating and Using It
How Long Should I Keep My Tax Records?
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Capital Cost Allowance (CCA)
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How Is Income Calculated for Section 8 Housing?

Income Tax