Another year brings another inflation adjustment for the thresholds that determine how much you owe Uncle Sam.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, ...

Companies record both income tax expense and income tax payable in journal entries. For companies that use the cash basis for both financial and tax reporting, income tax expense equals income tax ...

Unearned income is highly useful for anyone looking to accumulate wealth, but it does come with tax consequences. Here’s the deal. What Is Unearned Income? What’s the Difference Between Unearned ...

How could Georgia eliminate its income tax? By relying more heavily on sales taxes to pay for government services, a survey of other states shows.

Only a handful of Democrats (and not all of them) voted against the half-billion-dollar income tax cut approved during the special session of the legislature. It was not an easy vote for those ...