The alternative minimum tax requires high-income taxpayers to calculate their liability twice then pay the highest amount. Learn about the AMT and how it works.

Curious about sales tax differences by state? Read on and uncover insights to better understand your overall tax burden and manage your sales tax expenses.

Tips are a large source of income in the service industry, but are tips taxable? The IRS says yes. Learn about taxes on tips, which tips are taxable and more.

Tax time is coming and many Americans want to know how to save on taxes. Discover our tips for reducing your tax liability and getting a bigger tax return.

Your social security benefits may be subject to taxes. Learn more about how much social security tax is, how to calculate it and ways to reduce your taxes.

Gross income is the amount of money you earn before taking out taxes and deductions. Learn how to calculate it and its uses in various financial contexts.

What happens when someone leaves you an asset in their will? See whether inheritance money is considered income and whether you’ll pay an inheritance tax on it.

Using a tax preparer can make filing taxes easier on you. Learn how to organize your tax documents for your preparer so the process can be easier for them, too.

If you financially support a relative, you could qualify for dependency exemptions and credits. Learn more about tax dependents and how to claim them here.

Insurance premiums are the monthly or annual payment you make on an insurance policy. Learn about different types of premiums, and how to reduce their cost.

Ever wonder why medicare tax is deducted from your paycheck? Learn all about what it is, how it works, and the current rate as set by the IRS.