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

Discover how income tax works, the different types, and how they're calculated for individuals and businesses. Learn about federal, state, and local taxes.

If you run a business, calculating your tax rate is part of your daily grind. How much of your receipts go to the state as sales tax? How much of your company's income goes to state and federal taxes?

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 ...

Your business must pay taxes. Depending on the business form you use, such as a C corporation or LLC, income tax must be paid by either the company or the owner. In addition, you must pay employment ...

What Is Retirement Income Tax? Retirement income tax refers to the portion of an individual's income that is subject to ...