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 ...

Income reported on a 1099 form is usually taxable, but not always. The IRS also receives copies of your 1099 forms, and you’ll probably receive a notice from the IRS if you don’t report ...

With the tax season upon us, now is the time to take stock of all taxable income. While that may seem like a simple and straightforward task, it's not always so clear-cut, even if you're a ...