You might have a substantial 401(k) balance, equity in your home, or a six-figure salary, yet still experience anxiety about ...

And I’m also looking at the possibility of my Medicare Part B jumping because of this phantom income,” he said. Christina Wease runs the low-income tax clinic at Michigan State University ...

Partners are taxed on their share of the partnership’s income, regardless of whether they receive any distributions. This can sometimes lead to a situation known as “phantom income,” where ...