Hobby income and expenses aren't reported to the IRS the way business income and expenses are. Here's how to tell what type ...

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 ...

Passive income is money earned with little ongoing effort or involvement after an upfront investment of time, funds, or resources. Unlike traditional income, which is earned through direct labor or ...

Tax time is stressful for everyone, but there may be some good news for seniors receiving medical care in their homes, assisted living communities or skilled nursing settings. Not every expense is tax ...