Unearned income, also known as passive income, is derived from sources other than employment or business operations and can act as a financial safety net during times of job loss or financial crisis.

Earned income refers to the money that you make from working, including salaries, wages, tips and professional fees. Unearned income, comparatively, is the money that you receive without performing ...

The kiddie tax is a set of tax rules designed to prevent parents from reducing their tax burden by shifting investment income to their children. It applies to children under the age of 18, or ...

Although you’ll owe taxes on the money you earn on taxable savings and investment accounts, these are still important tools for generating wealth. The amount of taxes you must pay depends on many ...

Less than a week after the party-line passage of healthcare overhaul legislation, the U.S. Congress agreed on tens of billions of dollars of new taxes on “the rich” to help pay for it. President Obama ...

A report prepared by the Pittsburgh Budget and Policy Center has proposed new ways for the city to bring in added revenue without raising property or earned income taxes. In a presentation unveiling ...

WASHINGTON – President Joe Biden wants to raise tax rates on people earning more than $400,000 a year to extend the solvency of Medicare, the White House said Tuesday in a preview of his budget ...