60 Seconds: Here's How to Deduct Summer Camp

60 Seconds: Here's How to Deduct Summer Camp

Spending gobs of money to send your kid to summer camp? Uncle Sam actually feels your pain. Give us 60 seconds and we'll tell you how!

What Is Taxable Income (With Examples)?

What Is Taxable Income (With Examples)?

Taxable income is your federal tax liability. Fortunately, there are good ways to lower that number.

What Are Tax Exemptions and What Applies to You in 2018?

What Are Tax Exemptions and What Applies to You in 2018?

Tax exemptions are Uncle Sam's gift to taxpayers - especially if you qualify for more than one of them.

7 States Without Income Tax and What You Need to Know

7 States Without Income Tax and What You Need to Know

Seven sates don't have state income tax, including Wyoming and Alaska. But what is it really like to be exempt from income tax?

60 Seconds: Uncle Sam Wants a Piece of your Kid's Summer Job

60 Seconds: Uncle Sam Wants a Piece of your Kid's Summer Job

So your kid got a job at the local ice cream shop this summer. That's great! Free ice cream for you -- and more taxes paid to Uncle Sam. Give me 60 seconds and I'll tell you how (why) he gets his share.

What Is a Roth IRA and What Are the Benefits?

What Is a Roth IRA and What Are the Benefits?

A Roth IRA can add to your retirement income in a tax-advantaged way.

What Is Gross Income?

What Is Gross Income?

Gross income has a different meaning for companies and individuals, but both essentially measure the same thing.

What Is Depreciation? Definition, Formulas and Types

What Is Depreciation? Definition, Formulas and Types

Accounting for depreciation can be a helpful accounting trick when businesses make a major purchase. Here's what you should know.

What's the Difference Between Gross vs. Net Income?

What's the Difference Between Gross vs. Net Income?

Gross income and net income are important to understand, especially if you're running a business. This guide will help you know how to calculate each, and the difference between the two.

What Is a Tax Advisor and How Do You Choose One?

What Is a Tax Advisor and How Do You Choose One?

A good tax advisor can mean the difference between you or Uncle Sam pocketing your money. Here's how to choose a tax specialist who'll tip the scales in your favor.