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Rocky has more than 20 years of experience covering tax developments. He came to Kiplinger from Wolters Kluwer Tax & Accounting, and, before that, he worked for Kleinrock Publishing. He has a Juris Doctor degree from the University of Connecticut School of Law and a BA in History from Salisbury University in Salisbury, Md.
It depends. You'll have to compare numbers from your 2018 and 2019 returns…but we have a tool that makes this much easier.
See More From: Tax Tips
People have a lot of questions about the economic stimulus checks that will be mailed soon. We have answers.
See More From: Saving Money
Perhaps. Use our Stimulus Check Calculator to find out.
That's the question on everyone's mind. However, there's not an across-the-board answer. Here's why.
If you don't need the money to live on, wait until December to take your RMD and ask the sponsor to withhold a big chunk for the IRS.
See More From: Required Minimum Distributions (RMDs)
Time is running out if you turned 70½ in 2019 and haven't yet withdrawn funds from your retirement account. (The IRS hasn't pushed back this deadline for the coronavirus crisis—yet.)
Thanks to the coronavirus, there's a new deadline for filing your 2019 federal income tax return.
It's looking more and more like Americans will be getting coronavirus relief checks from Uncle Sam. But do you know how much you'll get and when you'll get it?
The coronavirus (COVID-19) outbreak is crushing the U.S. economy. The stock market is tanking (we're now in a bear market), businesses are closed, unemployment claims are spiking, consumer spending is ...
See More From: Family Finances
The Families First Coronavirus Response Act creates tax credits to help employers required to provide sick and family leave benefits and self-employed people who can't work because of the coronavirus.
Uncle Sam can tax up to 85% of your Social Security benefits if you have other sources of income, such as earnings from work or withdrawals from tax-deferred retirement accounts.
Save your tax documents at least until the time limit for an audit runs out—and hold on to some records even longer.
Don't panic! Keys to success include being well prepared, establishing credibility right from the start, and keeping your wits about you.
Many people don't factor in sales taxes when they're looking at the tax-friendliness of different states. That's a mistake. Forty-five states plus the District of Columbia impose a sales tax. In addition, ...
See More From: Tax Breaks
The American gaming industry is booming. New casinos and sports betting parlors are popping up across the country, Las Vegas is thriving, lotteries are popular and online gambling is big. There are certainly ...
See More From: Tax Prep & Filing
Everyone hates paying taxes. So why don't we all live in one of the nine states without an income tax? Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming don't ...
Anyone with a high-deductible health plan that covers medical expenses related to COVID-19 before plan deductibles have been met can still contribute to a health savings account.