Taxable income is the portion of your income that the IRS considers subject to federal income tax. It includes both earned income, such as wages and self-employment earnings, and unearned income, such ...

Annual gross income Think of this as your salary, or the sum of your wages and tips, plus any income from interest, dividends, alimony, retirement distributions, unemployment compensation and Social ...

The alternative minimum tax (AMT) calculation determines whether a taxpayer must pay an additional amount beyond their regular income tax liability. To calculate AMT, taxable income is adjusted by ...

Annual income of up to Rs 12 lakh: The new regime results in zero tax because of the interplay between rebate and standard ...

Whether you're a business owner, high earner, or retiree, consider these strategies to reduce taxable income and capital gains for a smaller tax bill in 2024. Whether you're a business owner, high ...

The IRS will open the 2026 tax season on Monday, Jan. 26, and you can use these calculators if you're already looking forward to the refund.