Income Tax
News, insights and expert analysis on income tax from the team at Kiplinger.
Latest
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Standard Deduction 2026: How Much You Can Claim and Whether You Should ItemizeTax Breaks Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?
By Kelley R. Taylor
Tax Breaks -
Ask the Tax Editor: Will Congress Enact More Tax Changes?Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on whether Congress will enact more tax changes before the November election and related topics.
By Joy Taylor
Ask the Editor -
States That Don't Tax Pension Income in 2026Retirement Taxes More than a dozen states don't tax pension income regardless of your age or how much money you have.
By Gabriella Cruz-Martínez
Retirement Taxes -
Ask the Tax Editor: Roth IRAs and the Five-Year RuleAsk the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on Roth IRAs and the five-year rule, including contributions and conversions.
By Joy Taylor
Ask the Editor -
Ask the Tax Editor: Deductions for Self-Employed RetireesAsk the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on available tax breaks for retirees with a side hustle.
By Joy Taylor
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This Is Why Your 2025 Tax Bill Shocked YouMany taxpayers were expecting higher tax refunds this year, only to find they owed money to the IRS. What was to blame — and how can you avoid it next year?
By Stacy Francis, CFP®, CDFA®, CES™
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Powerball Jackpot Payout: How Much a Winner Actually Takes Home After TaxesLottery Taxes Whenever someone wins Powerball, the federal government gets a chunk of the prize from taxes.
By Kelley R. Taylor
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Ask the Tax Editor: How Can I Resolve My IRS Tax Debt?
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions relating to how individuals can resolve their IRS tax debt.
By Joy Taylor
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How the IRS Taxes Retirement Income in 2026Retirement Taxes It's important to know how common sources of retirement income are taxed.
By Kelley R. Taylor
Retirement Taxes
