Is your Social Security income taxable? The answer isn't exactly a simple one.

If you receive income such as interest, dividends, alimony, self-employment income, capital gains, or prizes, you may have to make what the IRS terms “estimated tax payments.” 

Direct File is a new tax tool to file federal taxes directly with the IRS. The online offering is currently available for more than 30 million eligible taxpayers.

Short-term capital gains tend to be when you owned an asset for a year or less before selling it for a profit. Short-term gains may be taxed at a higher rate than long-term ones.

The standard deduction is a fixed dollar amount that reduces the portion of your income on that you’re taxed. It allows taxpayers to reduce their taxable income and simplify the tax process.

The amount of tax you pay – and withhold along the way – can have a big effect on your finances at filing time. One document can make a big difference: your W-4.

Understanding the tax system can help individuals and businesses navigate their financial strategies to minimize the impact of taxes.

U.S. income taxes are due Tuesday, April 15, 2025. Learn about tax deadlines and filing dates to be prepared for Tax Day.