Taxes

Should You Skip That Charitable Donation at the Cash Register?

What Is Medicare Tax? Definition, How It Works

All employees pay 1.45% in Medicare taxes. People earning above a certain threshold may also face an additional 0.9% tax on income or a 3.8% tax on investment income.

OASDI Tax: What It Is and Who Pays It

The OASDI tax is one of two FICA payroll taxes that go toward Social Security and Medicare.

What Is Form 5498: IRA Contribution Information?

Form 5498 documents individual retirement account (IRA) contributions, rollovers and distributions. You don’t need to fill it out or send it to the IRS — just keep it for your records.

Modified Adjusted Gross Income (MAGI): What It Is, How to Calculate It

Knowing your MAGI can help you figure out if you're eligible for certain tax deductions this filing season. Plus, learn how it differs from adjusted gross income.

What Is Form 1099-B? Proceeds from Broker Transactions

You can think of a 1099-B as something similar to a credit card statement — but for your investment activity.

Massachusetts State Income Tax: Rates and Who Pays in 2027

You don't necessarily have to live in Massachusetts to pay Massachusetts state income tax.

Free Tax Filing Options for 2026

There are several ways to file your taxes for free. IRS Free File and the free versions of popular tax prep programs are just a few options to explore.

Back Taxes: How to File Past-Due Tax Returns

Back taxes are unpaid taxes from the current year or previous years. Filing and paying off a past-due return can help you to get current with the IRS.

Colorado State Income Tax: Rates and Who Pays in 2026

Unlike many other states with progressive tax structures, Colorado taxes income at a flat rate.

Illinois State Income Tax: Rates and Who Pays in 2026

Illinois income taxes are calculated differently than in some other states, levying a flat personal income tax rather than following a tiered structure.

Ohio State Tax Brackets and Rates for 2025-2026

Ohio has three tax rates. If you earn income in the Buckeye State, here’s what you need to know about filing your state income tax return.

Georgia State Income Tax: Rates, Who Pays

Whether you need to file a Georgia state income tax return depends on your taxable income and residency status.

Zelle Taxes: Why This Payment App Is Different

Zelle is not subject to the same reporting requirements as competitors such as Venmo.

Are GoFundMe Donations Taxable? Tax Tips for Crowdfunding

If you set up a GoFundMe or another crowdfunded campaign, the money you earned could be considered a nontaxable gift — if you were mindful of the rules.

Venmo Taxes: How They Work in 2026

Is Venmo taxed? That depends on whether you’re taking personal or business payments.

Taxes on Gambling and Sports Betting: How They Work, What’s Taxable

Betting on your favorite college basketball team? Know the new gambling tax deduction rules before you wager.

Child and Dependent Care Credit: Definition, Who Qualifies

If you’ve paid expenses for day care, preschool or another form of caregiving, there’s a tax break you may want to know about.

Billions Spent on Tax Returns That Could Be Filed for Free

About 101 million eligible filers missed out on using the Free File program, a NerdWallet data analysis shows.

What Is a W-9? Definition and Who Fills It Out

A W-9 is an IRS form that independent contractors fill out to give businesses their tax ID number and personal information.