Income Taxes
Income Tax Basics
Your Guide to Federal Income Taxes in the United States For most Americans, the thought of paying income taxes is stressful and unpleasant. While everyone…
How to Reduce Your Taxable Income
First and foremost in determining how to reduce your taxable income is understanding what is considered taxable income and being well versed in what allowable…
State income taxes
State income taxes are levied in addition to federal income tax, although they generally have lower rates. The state income tax may be a progressive…
How Job Loss Can Affect Your Income Taxes
How does losing your job affect your income tax? The first and most obvious answer is that, unless you obtain a new job or source…
State income tax basics
Every year, American taxpayers are required to file and pay both federal and state income taxes. However, some taxpayers get so caught up with the…
Income Taxes for the Self-Employed
You are considered to be self-employed if you engage in a trade or business as a sole-proprietor or an independent contractor. Some examples would be…
Understanding the Alternative Minimum Tax (AMT)
The Alternative Minimum Tax (AMT) was originally established to target the wealthiest of taxpayers and was called the 'Millionaire's Tax.' Established in 1969 (as the…
2010 Individual Income Tax Rates
Every year, the federal individual income tax rates adjust. While the adjustments are sometimes subtle, it is important that you understand any rate changes and…
