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

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 ...

Adjusted gross income is an important number used to determine how much you owe in taxes. It’s a factor in determining your federal tax bracket and taxable income — the portion of your income subject ...

What Is Long-Term Capital Gains Tax? When an individual taxpayer sells a capital asset, they are assessed tax on the profit between the cash received on that sale and the price paid. Investors ...

Schedule K-1 details income from pass-through entities for tax reporting. Investors must allocate K-1 income by state to meet nonresident tax obligations. Credits may be available for taxes paid to ...

Tax rates vary by location and typically range from 0.5% to 2.5% of assessed property value. Higher rates often correlate with better public services and school systems. Communities with extensive ...

Bonds can provide passive income, some of which may be tax-free if you’re investing in municipal bonds. The tax-equivalent yield formula can be a useful tool for comparing taxable and tax-free bond ...

Reinvest dividends to buy more shares; consider tax when selling shares accumulated via DRIPs. Dividends received outside IRA are taxable, increasing your stock's tax basis over time. Track cost basis ...

It’s smart to calculate your effective tax rate each year to make adjustments to your withholding amount and budget for the year ahead. Your tax preparer may provide you with your effective tax rate, ...

Short-term capital gains is a type of tax that the Internal Revenue Service (IRS) levies on American taxpayers. The short-term capital gains tax is charged on the appreciation made in financial assets ...