Unearned income, also known as passive income, is derived from sources other than employment or business operations and can act as a financial safety net during times of job loss or financial crisis.

The kiddie tax is a set of tax rules designed to prevent parents from reducing their tax burden by shifting investment income to their children. It applies to children under the age of 18, or ...

Investing in a child’s future is a proactive step that can yield significant benefits over time. Setting up investment ...

Earned income refers to the money that you make from working, including salaries, wages, tips and professional fees. Unearned income, comparatively, is the money that you receive without performing ...

It’s great to see college students, teenagers, and even younger children learn how to invest their money. Acquiring that ...

The IRS doesn’t care how old you are. If you have an income, it requires you to pay taxes, even if your first pimple hasn't appeared or you haven't learned to drive. So, while it’s exciting for kids ...

As Pittsburgh faces a budget crunch, City Council members met Thursday to spitball ways to generate new revenue. Greenfield ...

Although you’ll owe taxes on the money you earn on taxable savings and investment accounts, these are still important tools for generating wealth. The amount of taxes you must pay depends on many ...

Analyses based on the World Inequality Database and other studies, such as one by the World Inequality Lab, indicate that the top 1% of India's population controls over 40% of the country's wealth and ...