Taxes

Taxes

  • AMT_Video.jpg
    By: CNBC Explains

    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. 

  • taxes.jpg
    By: Mark Koba

    The alternative minimum tax, or AMT as it's known, has become one of the most dreaded phrases in tax terminology. CNBC explains.

  • Tax audit 1040

    What is carried interest and why is it so controversial? CNBC explains.

  • Taxes Tax 1040 frustration

    Stop overpaying your taxes by making these common mistakes and not taking these tax credits and deductions.

  • John Edwards and Newt Gingrich.
    By: Mark Koba

    President Obama has called for ending a tax loophole that costs Medicare and Social Security millions of dollars. Here's how it works.

  • Taxes tax deadline

    Won't make the April 15 filing deadline? You can ask the IRS for a six-month extension.

  • Sergio Medina carries boxes in the Chiquita banana packing plant located on the Bueso plantation in La Lima, Honduras.

    A once-obscure tax dodge known as a corporate "inversion" is turning the tax reform debate upside down. Here's what you need to know.

  • President Barack Obama

    President Obama wants to use the tax code to slow the widening gap between the richest and poorest Americans.

  • Tax_Deductions_Video.jpg
    By: CNBC Explains

    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.

  • IncomeTax_Basics_Video.jpg
    By: CNBC Explains

    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.

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