Knowing your effective tax rate can help you understand how well you’ve been managing your tax situation throughout the year.

Capital gains are taxed in the taxable year they are "realized." Your capital gain (or loss) is generally realized for tax purposes when you sell a capital asset. As a result, capital assets can ...

Schedule K-1 details income from pass-through entities for tax reporting. Investors must allocate K-1 income by state to meet nonresident tax obligations. Credits may be available for taxes paid to ...

Use the sales tax calculator to figure out how much sales tax you’ll potentially owe on a purchase. Many, or all, of the products featured on this page are from our advertising partners who compensate ...

Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, technology, and more. Erika Rasure is globally-recognized as a leading consumer ...