Calculating federal tax deductions and withholdings can be complicated without the help of a tax deduction calculator or payroll software. However, once you understand the required forms and methods ...

Knowing your effective tax rate can help you understand how well you’ve been managing your tax situation throughout the year.

Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, technology, and more. Erika Rasure is globally-recognized as a leading consumer ...

New year, new tax filing. Filing taxes may not be the easiest task, especially with its time-consuming forms and applications. Whether you file with help from a professional or on your own, ...

Capital gains are taxed in the taxable year they are "realized." Your capital gain (or loss) is generally realized for tax purposes when you sell a capital asset. As a result, capital assets can ...

Calculating land value for tax purposes may seem tricky, but it doesn't have to be. There are many ways to determine property valuation for tax purpose. But the three valuation methods most commonly ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

At-large Metro Nashville Councilman Bob Mendes proposed a 50-cent property tax increase to erase a budget revenue shortfall and provide new funding for schools and employee pay raises. At-large ...

The alternative minimum tax (AMT) calculation determines whether a taxpayer must pay an additional amount beyond their regular income tax liability. To calculate AMT, taxable income is adjusted by ...

Over the past two months we've witnessed unprecedented disruption to the stock market, U.S. economy, and the labor market because of the proliferation of the coronavirus disease 2019 (COVID-19). In ...

Marginal taxation systems like the U.S. federal income tax system increase the percentage of income owed to taxes as a taxpayer’s income increases. There are seven income brackets. Your marginal tax ...