Taxable Income | The TurboTax Blog

A Visual Guide to Taxing Bonuses [Infographic]

December 19, 2012 July 11, 2019

With end of year tax planning on everyone’s agenda, those that are lucky enough to get a bonus this year are wondering, “How bonuses are taxed?”. Since this a common question we are seeing at this time, we thought it would be helpful to show how bonuses are taxed in an infographic.

Full Story

Tax News

How Profitable and “Liked” are the Top Four World Series Contenders [Infographic]

October 19, 2012 September 7, 2017

The average value of Major League Baseball teams continues to rise with an all time record hitting $605 million during the past year. With the top four Major League Baseball teams slugging it out for a top spot in the World Series this week, we thought it would be fun to do an infographic showing how profitable and “liked” the top four World Series contenders are.

Full Story

Income and Investments

A Stream of Revenue: A Breakdown of Sources of Personal Income [Interactive]

September 24, 2012 July 11, 2019

With the election coming, the latest news these days is all about tax rates, taxes collected, and sources of income. Your tax rate can be impacted not only by how much you make, but also the sources of income. For instance, wages, business income, and investments are taxed at different rates. Do you know the different sources of income? Check out our interactive to see where taxpayers’ personal income comes from by income level.

Full Story

Income and Investments

A Look at 30 Years of U.S. Minimum Wage [Interactive]

August 31, 2012 July 10, 2019

Labor Day is already here and for many hard working Americans, it’s a time to relax and celebrate our hard work for the year. It also marks the end of summer and is typically the time for students to get used to waking up before noon and head back-to-school. In honor of hard working Americans we thought we would take a look at how minimum wage rates have changed over 30 years.

Full Story

Income and Investments

What Income Percentile Are You [Interactive]?

July 11, 2012

People are always worried about keeping up with the Joneses when it comes to income. They wish they could have the same luxuries as their neighbors or friends who make more money than they do. We have provided this cool interactive that allows you to input household incomes and see what percentile they fall in when comparing U.S. and world income. You may be surprised to find you are in the same percentile as your neighbor you envy so much.

Full Story

Tax Planning

Cashing Out: Lottery Winnings After Taxes

April 4, 2012

Last Friday everyone scrambled to get that last mega millions lottery ticket and anxiously awaited the announcement of the biggest jackpot in U.S. lottery history. But lottery participants aren’t the only ones excited about the lottery frenzy. Some state governments are just as ecstatic since the taxes on one lump-sum payment could mean millions in state revenue. Check out our interactive showing an example of how a much smaller (but I’ll take it) lottery winning would be taxed.

Full Story

Income and Investments

Are Taxes Considered in Your Football Fantasies?

November 11, 2011 July 23, 2019

Fantasy sports players are constantly monitoring their team rosters and checking their winners, but are they monitoring the impact of gambling winnings on their taxes? Our guide below talks about the state of fantasy sports and tax rules to follow...

Full Story

Taxes 101

What Are Tax Brackets?

December 2, 2010 July 11, 2019 / Philip Taylor

In the U.S., we have decided, through the laws created by our elected officials, that individual taxable income should be taxed at progressive rates. In other words, the more taxable income you have, the bigger percentage of that income you have to pay in taxes.

Full Story

Tax Tips

How is America's Income Tax Burden Weighted?

March 3, 2010 July 11, 2019

Who pays the most, who pays the least, when it comes to taxes. The answers we uncover might surprise you.

Full Story

Taxes 101

Where Do All Our Taxes Go

March 2, 2010

Where do all our taxes go? See how the tax dollars of workers in an average office building, from top-ranking officer and down through the ranks, contribute to National Defense, Medicare, Social Security and more.

Full Story

The Tax Deadline is July 15th. Find out more information here.

Search the Blog

Latest tax and finance news and tips

Search TurboTax Support

FAQ’s and community answers