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
What Exactly Is Income? That Depends.
Cheap Ways to Get a Tax Refund Faster
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12 Top Sources of Nontaxable Income
1040 Form
What Is an Employer Identification Number (EIN)?
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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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Can Moving to a Higher Tax Bracket Cause Me to Have a Lower Net Income?
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Backup Withholding Definition
Internal Revenue Service Building
Exempt Income
Flow-Through Entities: What You Need to Know
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Notice of Assessment (NOA) Definition
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What Is Ordinary Income?
What Counts as Unearned Income?
What Are the Best Ways to Lower Taxable Income?
Did You Withhold Too Little? You Could Owe Tax Penalties
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Reporting Your Interest Income
Signature line of tax return
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
Who Is Required to File An Annual Tax Return?
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Reasons to File an Early Tax Return
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H&R Block vs. TurboTax vs. Jackson Hewitt—Which Is Best for You?
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Self-Employed Contributions Act (SECA) Tax
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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. Tax 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
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Tax Return
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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 Definition
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9 Ways that the Latest Tax Laws Affects Millennials
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Adjusted Gross Income (AGI)
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Learn About Withholding Tax
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What Is a Progressive Tax?
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What Is a Tax Liability?
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Tax Refund Definition
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How to Prepare Your Bitcoin Tax Filing
What Is a Tax Haven?
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Tax Brackets: Determine How Much You Owe
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 Definition
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What Is a Proportional Tax?
What Are Some Ways to Minimize Tax Liability?
What Is a Parsonage Allowance?
Modified adjusted gross income is used to determine your eligibility for certain tax benefits.
What Is Modified Adjusted Gross Income (MAGI)?
How Long Should I Keep My Tax Records?
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Capital Cost Allowance (CCA) Definition
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Do Assets Count as Income for Tax Credit Housing?

Income Tax