Income Tax
News, insights and expert analysis on income tax from the team at Kiplinger.
Latest
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2025 Tax Deduction Changes for Those Over Age 65
Tax Changes Adjustments to the extra standard deduction can impact the tax bills of millions of older adults.
By Kelley R. Taylor
Tax Changes -
Powerball Jackpot Winner Will Get a Hefty Tax Bill
Lottery Taxes Whenever someone wins Powerball, the federal government gets a chunk of the prize from taxes.
By Kelley R. Taylor
Lottery Taxes -
Ask the Editor: Home Sale Tax Break
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on the gain exclusion tax break when you sell your home.
By Joy Taylor
Ask the Editor -
Hobby Income Tax: What It Is and How It Affects You
Income Tax Hobby income and expenses aren't reported to the IRS the way business income and expenses are. Here's how to tell what type of income you have.
By Katelyn Washington
Income Tax -
Emergency Tax Bill Ends $6,000 Senior Deduction and Tip, Overtime Tax Breaks in D.C.
Tax Law Here’s how state tax conformity rules could immediately raise your income tax liability.
By Kate Schubel
Tax Law -
Ask the Editor: 20% Qualified Business Income Deduction
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on the 20% tax deduction for qualified business income or QBI.
By Joy Taylor
Ask the Editor -
Ask the Editor: Deducting Car Loan Interest
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on the new tax deduction for paying interest on vehicle loans.
By Joy Taylor
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Most Expensive States for Retired Military Service Members
Retirement Veterans can keep more of their military retirement pay by avoiding these high-taxed, most expensive states for retired service members.
By Katelyn Washington
Retirement -
Ask the Editor: Modified Adjusted Gross Income
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on the meaning of modified adjusted gross income, or MAGI.
By Joy Taylor
Ask the Editor
