The Alternative Minimum Tax, also known as the AMT, is a portion of the U.S. tax code that affects high-earning individuals who lower their tax payments through deductions. Want to know how it’s calculated? Salman Khan of the Khan Academy demonstrates.
Tax deductions are an important part of calculating your annual income. But many people are unclear about how deductions affect overall tax payments. Salman Khan of the Khan Academy explains a simple calculation you can do, depending on your tax bracket, to help you estimate the effect.
For anyone who has computed taxes, “tax brackets” are a familiar term -- but how they work can be complicated. Salman Khan of the Khan Academy breaks down and explains the U.S. income tax schedule.
About $1.7 trillion is invested in variable annuities, yet most investors don't know how to value their holdings.
The plan offers households with no retirement savings a place to start. But it comes with some serious shortcomings.
Under Obamacare nearly everyone will have the same minimum level of benefits that kick in Jan. 1.
The housing market is one of the pillars of the U.S. economy and there may be no better indication of how the market is doing than housing starts.
You may have heard this term in the aftermath of the real estate bubble. So what is an underwater mortgage?
Sometimes financial terms sound exactly like what they are. CNBC explains jumbo mortgages.
The nation's unemployment rate is a key way to measure the economy. So how is it actually measured? CNBC explains.
In conventional terms, front running is something that happens within a firm. That definition has changed recently.
President Obama has proposed changing rules defining when workers get overtime pay, with possibly far-reaching effects.