You often hear the terms "estate tax" and "inheritance tax" used interchangeably, but the two taxes are not the same. Estate tax is collected by the Federal Government, while inher...

Face it: Tax Day is no one’s favorite time of year, but it’s a necessary evil if you want to be a productive member of society. Besides all the time you spend going through receipt...

State income tax is different from the federal income tax. This is the amount you pay to the state government based on the income you make, as opposed to federal income tax that go...

You don't pay federal tax on an inheritance, except in exceptional circumstances, since inheritance tax only applies on quite large estates. Capital gains taxes are owed if you sel...

Earning extra tax-free income doesn’t necessarily require more work. It just requires taking advantage of everything you’re entitled to. When you think about it, getting a big tax ...

When you inherit money from somebody, the last thing you want to think about is how much tax you have to pay on it. Fortunately, most cash inheritances are tax-free. However, if yo...

Personal Income Taxes contains articles that explain different aspects of the tax system. Learn about taxes on our Personal Income Tax Channel. Advertisement Taxes are inevitable, ...

Income tax is a money term you need to understand. Here's what it means. Elevate your Bankrate experience Get insider access to our best financial tools and content Elevate your Ba...

Learn more about income taxes, how they work, and how to figure out how much of your hard-earned cash is going to the IRS every year. Enter to Win Cash for Christmas! 10 Minute Rea...

Have questions about your personal taxes? Read about ways to lower your taxes, reduce your chances of an audit, and get tax relief for childcare-related expenses. Also, get tips on...