The way your income is taxed differs based on whether it’s considered earned or unearned . Read on to learn more.

The great thing about working for someone else is that it saves you time on tax prep. Your taxable income, Social Security and Medicare taxes are all figured out on your federal W-2 form. Figuring out ...

While taxable income and adjusted gross income (AGI) might sound similar, they refer to different stages of your income after certain deductions and adjustments have been applied. AGI starts with your ...

If you made money last year from a side hustle or gig work, tax time can feel stressful and confusing. We're here to help. Self-employment taxes are the Social Security and Medicare taxes individuals ...

The IRS helpfully defines adjustable gross income (AGI) as gross income, minus adjustments. If you're self-employed, that translates to business income, less expenses and deductions – which you report ...

Unearned income is highly useful for anyone looking to accumulate wealth, but it does come with tax consequences. Here’s the deal. What Is Unearned Income? What’s the Difference Between Unearned ...

Ask the Underwriter is a regular column for HousingWire's new LendingLife newsletter, addressing real questions asked to, and answered by, professional mortgage underwriter, Dani Hernandez. YES! You ...