Budgeting
Credit Cards
Banking
Investing
Taxes
Loans
More

How Income Gets Taxed

All income is presumed to be taxable. However, America's tax laws provide that income is taxed in a variety of ways. Here's how different types of income are taxed in the U.S., and how to take advantage of these differences in your tax planning.

Filing taxes
Taxable Income
State Taxes
Tax Planning
Tax Credits & Deductions
Solving Tax Issues

Young woman sitting and finishing work in her Downtown Los Angeles apartment

Federal Income Tax Brackets and Rates for the 2020 Tax Year

What Is Form W-2?

Couple moving fragile boxes during a move

You Might Not Have to Pay Capital Gains Tax on the Sale of Your Home

Get Daily Money Tips to Your Inbox

Email Address

You're in! Thanks for signing up.

There was an error. Please try again.

Follow Us

Facebook Twitter Instagram Linkedin

What Is Backup Withholding?
What Are RSUs on Form W-2?
Net Investment Income Tax: What It Is and How It Works
Do You Have a Capital Loss? What You Need to Know About Wash Sale Rules
What You Need to Know About Federal Income Taxes Withheld From Wages
Yes, Bitcoin Is Taxed. Find Out How.
Capital Losses and How They Affect Gains and Your Other Income
How Is Canceled Mortgage Debt Taxed?
What Is Schedule C on Form 1040?
Investment Firms Must Report Covered Securities to the IRS
Is Foster Parent Income Taxable?
2010 Federal Tax Rates and Income Brackets
Rules for Distributions and Rollovers From an IRA
Federal Income Tax Rates for 2006 and How to Calculate Them
Federal Tax Brackets in a Mobile-Friendly Format
What Is Form W-4?
Reporting Dividends on Your Tax Return—How Much Tax Will You Pay?
Do You Have to Pay Taxes on Unemployment Income?
How Do You Report Interest Income on Taxes?
Taxation of Social Security Benefits
How Wages and Salaries Are Taxed
Drive for Uber or Lyft? Follow These Tax Rules
Married Couples Filing Separately Reporting Community Property Income
Do You Have to Pay Taxes on the Sale of Foreign Property?
The 2011 Federal Tax Table Included No Changes or Surprises
2013 Federal Income Tax Rates by Filing Status
The Tax Benefits and Drawbacks of Investing in a Roth IRA
A Beginner's Guide to Self-Employment Income Taxes
What Is Other Income on Form 1040?
5 Important Things Teens Should Know About Income Taxes
The Rules for Alimony and Taxes in Tax Year 2020
The 0.9% Additional Medicare Surtax
What Were the Federal Tax Rates in 2016?
Spreading Capital Gains over Multiple Years Through Installment Sales
Understand the Basics of Income Tax Laws
Do You Have to Pay Income Tax on Your Supplemental Security Income?
The Tax Consequences of a Foreclosed Home
Tax Treatment of Car Rental Income
How to Build a Worksheet to Calculate Capital Gains
The Tax Brackets and Inflation Adjustments for 2019
Do You Know How Your Bonus Is Taxed?
Your Helpful Guide to Capital Gains Tax Rates and Losses for 2020
The Tax Cuts and Jobs Act: What Does It Mean for You?
How to Report Taxable State Refunds on Form 1040
How to Exclude Foreign Wages From Your U.S. Taxes
Learn About ISO: If You Have Stock Options, You Need Tax Form 3921
What to Know About Gambling and Federal Income Taxes
It's Not Difficult to Get Your Tax Withholding Just Right – Here's How
US Federal Tax History: From Boston Tea Party to Reaganomics
Who Should Use Tax Form 1040 Schedule F?
How to Calculate Mutual Funds Capital Gains or Losses for Tax Purposes
Partial Dispositions: The Flip Side of Capitalizing Repair Expenses
Tweak Your Income Tax Withholding

Learn More About Taxes

Taxable Income
Filing taxes
State Taxes
Tax Planning
Tax Credits & Deductions
Solving Tax Issues

Follow Us

Facebook Twitter Instagram Linkedin

About Us
Advertise
Editorial Guidelines
Careers
Contact
Cookie Policy
Terms of Use
Privacy Policy
California Privacy Notice

Also From The Balance Team

The Balance: Small Business The Balance: Careers

The Balance is part of the Dotdash publishing family.