Your gross income is your pre-tax income. It includes all of your earnings, tips and wages, plus taxable interest, dividends, unemployment benefits and taxable retirement distributions.

New Hampshire has no state tax on income, but it does make residents pay a 5% tax on income earned from interest and dividends. Does yours make the list? These 8 states don’t have income tax.

Social Security income is taxed based on provisional income calculations. To find provisional income, add gross income, tax-free interest, and half your Social Security. Tax rates for Social ...

Capital gains and losses are taxed differently from income like wages, interest or rents, which are taxed at your federal income tax rate (up to 37% for the 2024-2025 tax filing season). You ...

What Is Adjusted Gross Income? How to Calculate It in 2022. ... Almost all forms of income – except municipal bond interest ... Here's what to know about this important income tax calculation.