Sometimes called “freelance income,” self-employment income is also taxable. You have to file an income tax return on freelance income if your net earnings for the year were $400 or more.

If your combined total income is above $34,000, up to 85% of your Social Security income may be taxable. If you are married filing jointly: Take half of your Social Security income.

Your taxable income is the portion of your income subject to federal tax, and it’s important for several reasons. To start, your taxable income amount determines your tax bracket and marginal ...

Experts say retiree Social Security is still taxable and you'll need to read the fine print to understand your situation and ...

Trying to keep up with changes can be a lot to digest, but focusing on the most impactful can help you stay informed without ...

With the tax season upon us, now is the time to take stock of all taxable income. While that may seem like a simple and straightforward task, it's not always so clear-cut, even if you're a ...

The White House says the One Big Beautiful Bill Act got rid of taxes on Social Security; finance experts disagree.

There is often confusion as to whether Social Security is taxable income or not. Unfortunately, the answer to that question is not as straightforward as one would hope. The answer ultimately depend… ...

After this, taxpayers can further reduce their taxable income in one of two ways — via the standard deduction or itemizing. Most taxpayers claim the standard deduction, a preset amount of money ...