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 ...

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

Discover how income tax works, the different types, and how they're calculated for individuals and businesses. Learn about federal, state, and local taxes.

Nakase Law Firm Inc. often provides guidance to business owners asking what is net income and how is it calculated in ...

The taxation of Social Security benefits was introduced in 1983 to bolster the Social Security Trust Fund, which was facing insolvency. This measure was designed to ensure the sustainability of the ...

Learn about gross, operating, and net profit margins, how each is calculated, and how businesses and investors can use them to analyze a company’s profitability.

The President Tinubu-led administration has introduced a new personal income tax calculator to help workers and business owners easily determine how much tax they should pay. In this explainer, we ...