Knowing your taxable income (the amount of your income subject to federal tax that you must report on your federal tax return) is important for several reasons. The IRS requires that you report ...

When tax time rolls around, figuring out which types of income you need to report to Uncle Sam can be confusing. Adjusted gross income, taxable income, investment income, interest income — all ...

The Tax Court found all requirements of Sec. 6702(a) were met regarding the taxpayer’s zero-wage and -income return.

krisanapong detraphiphat / Getty Images The earned income tax credit (EITC) is a tax break available to low- and moderate-income wage earners. It is a refundable tax credit that reduces the ...

A progressive tax structure allows low-income earners to pay a smaller proportion of their income as tax compared to high-income individuals, who are taxed at progressively higher rates.

That, in turn, is based on your taxable income and filing status. But there are several ways you can lower your taxable income without taking a pay cut — from putting more into retirement to ...

Making other changes may also help reduce this year's taxable income when it comes time to file next year. Do I qualify for Roth IRA contributions? Question: What is the definition of "modified ...