Taxes & Income
You work hard, so it's important to understand how taxes affect income. See what makes a paycheck and be prepared for tax season.
You work hard, so it's important to understand how taxes affect income. See what makes a paycheck and be prepared for tax season.
Most Popular
Your tax bracket explained
Beyond salary: Benefits may matter more than you think
There’s more to your job than salary. Learn how benefits can help lower your tax bill and even earn you a refund.
5 ways civilian and military pay are different
Understanding 5 key differences between your civilian paycheck and your LES can reduce the likelihood of surprises — and help you pick the job that’s best for you.
2 reasons to file taxes even if you don’t have to
Watch videoPreparing your tax return for the first time
Watch videoYour guide to key tax terms
Knowing tax vocabulary can make filling out the paperwork less intimidating when it’s time to file. Check out 6 key terms that can help you make sense of it all.
Anatomy of a paycheck
Watch videoPre-tax benefits
Watch videoTax planning when you work part-time
New job? Make the most of your employee benefits
New jobs mean big changes, but it’s important to remember the basics. These 4 details can help in your workplace transition.
Guide to your paycheck
What former military members need to know about taxes
Transitioning from time in the service to civilian life means different tax rules. Here are 5 things you need to know to avoid surprises.
6 steps for first-time tax filers
Knowing what goes into preparing your own taxes can feel empowering. And following these simple steps can help you avoid mistakes.
Documents you need to do your taxes
How to negotiate a higher salary—and get the raise you deserve
What you earn in your 20s shapes your future earnings, yet some people may not know how to negotiate a salary offer or pay raise. Learn why you should negotiate salary and how to get paid what you are worth.
How to turn your hobby into a business
Could you make money doing something you love as a side business? Get tips on turning your hobby into supplemental income.
The beginner’s guide to health insurance
By understanding more about health insurance, you could choose a plan to fit your needs. Explore our guide on health insurance to see your options from choosing a plan to making a payment.
Where will I get health insurance?
What to do with your pay raise (or any other financial windfall)
Coming into some extra money can be a good time to revisit your finances. See how a little planning can make a big difference.
Smart ways to transfer the family business
Tips on how to transfer business ownership to a family member. Considerations for structuring your business transfer that could benefit your family and retirement income.
Job loss
While it may be tempting to reach for retirement assets after losing a job, look for other sources that won't have an impact on your long-term plans.
Starting a business
Starting your own business can be exciting and challenging. Use our checklist to make sure you're truly prepared to launch your venture.
Estate planning checklist
Learn how to keep your assets accessible, organized, and secure for the digital age.
Did you know?
If you have unused money in a flexible spending account (FSA) at the end of the year, it may not be refunded.
Did you know?
The IRS estimates that people spend 12 hours on average preparing their tax returns each year.
Did you know?
A tax credit reduces the amount of tax you owe dollar for dollar.
Investing involves risk including loss of principal.
Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”).
MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly-owned subsidiary of BofA Corp.
Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.
Investment products:
Are Not FDIC Insured |
Are Not Bank Guaranteed |
May Lose Value |
Bank of America and its affiliates do not provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
