Taxes
News, insights and expert analysis on taxes from the team at Kiplinger.
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How to Give Your Kids Cash Gifts Without the IRS Paperwork
Most people can gift large sums without paying tax or filing a return, especially by structuring gifts across two tax years or splitting gifts with a spouse.
By Jeremy Keil, CFP®, CFA®, CKA®
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Ask the Editor: IRAs, 401(k)s and RMDs
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on IRAs, 401(k)s and required minimum distributions
By Joy Taylor
Ask the Editor -
How to Steer Clear of the Medicare Tax Torpedo
Better beware, because if you go even $1 over an important income threshold, your Medicare premiums could rise exponentially due to IRMAA surcharges.
By John J. Gardner, IAR
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The 'Scrooge' Strategy: How to Turn Your Old Junk Into a Tax Deduction
Tax Deductions We break down the IRS rules for non-cash charitable contributions. Plus, here's a handy checklist before you donate to charity this year.
By Kate Schubel
Tax Deductions -
IRS Says You Made a Tax Return Mistake? A New Law Could Help You Fight Back
Tax Law Updated taxpayer protections change what the IRS must explain on error notices and how long you have to respond.
By Roxanne Bland
Tax Law -
Most-Overlooked Tax Breaks for Retirees and People Over 65
Tax Breaks If you're over 65, don't miss out on these overlooked tax breaks for retirees.
By Kevin McCormally
Tax Breaks -
3 Year-End Tax Moves You Can't Afford to Miss
Don't miss out on this prime time to maximize contributions to your retirement accounts, do Roth conversions and capture investment gains.
By Daniel Razvi, Esquire
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A Tax Diversification Strategy for Your Retirement Income
Spreading savings across three "tax buckets" — pretax, Roth and taxable — can help give retirees the flexibility to control when and how much taxes they pay.
By Kyle Hammerschmidt, Investment Adviser
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New Jersey ANCHOR Benefit Out Now: When Will You Get Yours?
Tax Relief Where is your NJ ANCHOR rebate? Find out how much the New Jersey property tax benefit is and when you can expect your payment in 2025 and 2026.
By Kate Schubel
Tax Relief
