Anna-Louise Jackson is a contributor to Bankrate, covering taxes and personal finance. Jackson's career began about 15 years ago at Bloomberg, where she covered financial markets and the economy. She's since written about personal finance topics for CNBC, The Associated Press, The Wall Street Journal, Time, Money, NerdWallet. Her reporting has also been published by Bloomberg Businessweek, Fast Company and Success. Jackson enjoys making complex topics more understandable for readers.
The marginal tax rate is the highest income tax rate you’ll pay on your income. Because the U.S. has a progressive tax system, different tiers of your income are taxed at different rates. The marginal [...]
Your adjusted gross income, or AGI, is your gross income minus a handful of above-the-line deductions.
The SALT deduction lets taxpayers deduct the money they spend on state and local taxes.
Knowing the difference between gross and net income can help you better manage your financial situation.
Paying attention to short-term capital gains tax rates can help you save money in the long run.
The federal government encourages Americans to invest, but Uncle Sam wants a cut of any profits. Capital gains are the financial profit you earn when you sell an asset like a home, business or stocks and [...]