Many Americans depend on Social Security benefits for retirement income, but these benefits can be subject to federal taxes.

I’m interested in converting a traditional IRA into a Roth IRA and want to know if taxes are due at time of the rollover.

The Cambridge Democrat and her husband, Bruce A. Mann, reported a gross taxable income of $912,689 in 2024, a copy of their ...

It’s important for both residents and businesses to understand California state income tax brackets and how they impact what ...

This type of investment expense used to be deductible as a miscellaneous itemized deduction on Schedule A of the Form 1040 (subject to the 2%-of-adjusted-gross-income limit), but the 2017 Tax Cuts ...

Eligible NH homeowners received more than $1.1 million in tax relief in 2024 through the Low and Moderate Income Homeowners ...

Does Adjusted Gross Income (AGI) Include Tax-Exempt Interest ... If you received tax-exempt interest, you should get a Form 1099-INT or a Form 1099-OID. You can find your tax-exempt stated ...

Reporting a Casualty and Theft Loss Casualty and theft losses are reported under the casualty loss section on Schedule A of Form 1040. They are subject to a 10% adjusted gross income (AGI ...

To qualify, your household income (the “adjusted gross income” on line 11 of your tax return, IRS Form 1040) must be no more than $300,000 for joint filers, $225,000 for heads of households ...