The latest IRS (Internal Revenue Service) news, comment and features from Kiplinger
Qualified Dividends vs Ordinary Dividends: What to Know
dividend stocks What are qualified dividends vs ordinary dividends? Here's how to determine which is which, and what that means for you.
After Weeks Without a Speaker, Congress Finally Returns to Legislating: The Kiplinger Letter
The Kiplinger Letter Major disagreements between and within Congress make it hard to reach compromises as Congress gets back to business
By Sean Lengell PublishedThe Kiplinger Letter
2023 Child Tax Credit: Who Qualifies and What It’s Worth
Tax Breaks How much will your child tax credit be for 2023?
By Katelyn Washington Last updatedTax Breaks
How Inflation Can Impact Your Taxes
Inflation The impact of inflation on federal income tax brackets and some other tax credits might not be all bad.
By Kelley R. Taylor Last updatedInflation
Time for These End-of-Year Tax Planning Tips
Tax Letter With a short time left before 2023 comes to a close, tax planning is all-important. Here are some areas to focus on.
By Joy Taylor Last updatedTax Letter
Putting Catch-Up Contributions Into a Roth 401(k) Isn't a Bad Idea
Roth 401(k) High earners will be required to put their catch-up contributions in a Roth 401(k).
By Sandra Block PublishedRoth 401(k)
Millionaire Tax Evaders Beware: The IRS Is Coming
Tax Evasion The IRS is targeting 1,600 millionaire tax evaders and 575 partnerships. Are you on the agency’s priority list?
By Katelyn Washington Last updatedTax Evasion
Should You Withdraw Your ERC Claim?
Tax Credits The IRS says certain businesses can withdraw potentially fraudulent employee retention tax credit claims.
By Katelyn Washington PublishedTax Credits
13 States Sign On to IRS Direct File Pilot Program
Tax Filing The IRS will pilot its free online direct tax filing service, with help from several states.
By Katelyn Washington Last updatedTax Filing
Five Tax Breaks for Paying Your Student Loan
Tax Letter After a three-year pause, student loan payments have resumed, putting a dent in people's wallets. But there are some tax breaks that can help.
By Joy Taylor PublishedTax Letter