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What Is the FICA Tax and Why Does It Exist?

What Is the FICA Tax and Why Does It Exist?

FICA taxes aren't new, but they sure do chew up a worker's paycheck amount. Here's why that's actually a good thing.

What Is a Living Trust and Why Should You Have One?

What Is a Living Trust and Why Should You Have One?

A living trust is a great way to protect and distribute your estate assets, in private and without court intervention.

Head of Household: Qualifications, Tax Brackets and Deductions

Head of Household: Qualifications, Tax Brackets and Deductions

Those who qualify for head of household status may qualify for deductions and exemptions on their taxes. Here's what you need to qualify.

Tax Brackets: Rates, Definition and How to Calculate

Tax Brackets: Rates, Definition and How to Calculate

Tax brackets are the income range in which you are taxed a specific rate. Here's what you need to know about tax brackets for the upcoming tax season.

Protect Yourself From These 6 IRS Tax Scams in 2018

Protect Yourself From These 6 IRS Tax Scams in 2018

IRS tax scams are all too common -- and all too effective in stealing valuable taxpayer data. Stop those scams cold with these action steps.

What Is Capital Gains Tax and When Are You Exempt?

What Is Capital Gains Tax and When Are You Exempt?

The capital gains tax is what you owe for the money you've made selling certain assets. Here's what you need to know about the current rate and what can be exempt.

W-9 Form: What Is It, How to Fill Out and Who Needs One

W-9 Form: What Is It, How to Fill Out and Who Needs One

A W-9 form is Uncle Sam's way of keeping financial tabs on independent contractors, and other non-traditional tax filers.

401(k) vs. 403(b): How to Pick a Retirement Plan

401(k) vs. 403(b): How to Pick a Retirement Plan

401(k) plans and 403(b) plans have much in common - and several key distinctions. It pays to know about both retirement plans.

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.