If you don’t know what Net Investment Income Tax (NIIT) is, you’re not alone. This relatively new tax began a little over a ...

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...

The IRS doesn’t care how old you are. If you have an income, it requires you to pay taxes, even if your first pimple hasn't appeared or you haven't learned to drive. So, while it’s exciting for kids ...

When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Income tax is charged on most types of income but tax allowances protect some from the taxman. If ...

Understanding after-tax income helps plan budgets and retirement savings effectively. After-tax income is calculated by subtracting federal and possibly state taxes from gross income. Choosing between ...