When they file their returns this year, high-income taxpayers should be prepared for an additional hit. The net investment ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly.

Discover the little-known story of a group of college basketball players who were tasked with preparing Larry Bird, Magi | ...

Here's what college students need to know about filing taxes and how to make the most of some special tax benefits. The answer depends on their income and whether they had employers withhold taxes ...

Definition: Net National Income is Gross National Income or Gross National Product less depreciation. Description: Gross National Product (GNP) is Gross Domestic Product (GDP) plus net factor income ...