Ordinary income includes wages, bonuses, rent, and business profits, excluding long-term capital gains. Unearned income like qualified dividends is taxed lower to encourage long-term investments. The ...

Gift 5 articles to anyone you choose each month when you subscribe. Lawyers, accountants and doctors – pretty much anybody who works for themselves – can get massive tax advantages simply by ...

Chancellor Rachel Reeves is heading towards her second Budget with the pressures of high borrowing costs, weak economic growth and stretched public services. Many experts predict that tax hikes and ...