Gross income is the total of all income you receive before taxes. It’s also called pre-tax income. Net income is your income after taxes (or take-home pay). Your gross income figure will always be ...

“Improving net worth comes down to two core principles: increasing your assets and reducing your liabilities. Save regularly, invest for long-term growth, and focus on paying off debt efficiently.

The Federal Reserve conducts its Survey of Consumer Finances (SCF) every three years. The SCF provides a financial snapshot of American households across demographic and economic groups, detailing ...

Your net worth is like a scorecard of how you're doing financially. Consistently moving in a positive direction means you're making solid progress toward becoming financially independent and toward ...

The Dec. 31, 2025, expiration of many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) adds a new task to the 2025 congressional to-do list: updating the tax code. Many TCJA provisions provided ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. The Net Investment Income Tax thresholds aren't adjusted for ...

Here’s how much the super-rich are really worth ...