Here's what you should know about income tax, what it is, how it works, how to calculate it and which states don't have it.

Learn about tax attributes, which are reductions in tax credits, losses, and property basis when debt cancellation is excluded from taxable income.

Tax brackets are the income range in which you are taxed a specific rate. Here’s what you need to know about tax brackets for the upcoming tax season. When preparing their financial information for ...