Inheritance tax is an important consideration for individuals who receive assets from a deceased person’s estate. While the United States does not have a federal…
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Taxable_vs_Non-Taxable_Income_Explained.mp4"][/video] Generally speaking, the IRS considers almost every type of income under the sun to be taxable income. No surprises there, right?…
Learn the Differences Between Taxable and Non-Taxable Income As many are still recovering from the Great Recession, the idea of having income (or even…
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Understanding_Windfall_Tax_Impacts.mp4"][/video] The windfall tax is deceptively simple. When you receive a windfall — whether it’s an inheritance from a relative, winnings…