Income Tax
News, insights and expert analysis on income tax from the team at Kiplinger.
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Ask the Tax Editor: Questions on Income Tax CreditsAsk the Editor In this week's Ask the Editor Q&A, Joy Taylor explains the difference between refundable and nonrefundable tax credits and answers more questions from readers.
By Joy Taylor
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Taxable Income: What It Is and How to Calculate ItIncome Tax Knowing what income is taxable can help you minimize your overall tax liability.
By Katelyn Washington
Income Tax -
12 Tips on How and When to File an Amended Tax ReturnTax Returns What to do if you discover a mistake on a previously filed tax return (and other reasons for filing an amended tax return).
By Kate Schubel
Tax Returns -
Ask the Tax Editor: Taxation of I BondsAsk the Editor In this week's Ask the Editor Q&A, Joy Taylor answers readers' questions about the taxation of I bonds in various situations.
By Joy Taylor
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Should You Withhold Tax From Social Security Benefits?Social Security Having taxes withheld from Social Security benefits can help retirees avoid a surprise when tax season arrives.
By Kelley R. Taylor
Social Security -
IRS Simplifies Tax Penalty Relief: Who Qualifies and What’s the Catch?IRS Rules Taxpayers may receive automatic IRS relief under a new system, but a key eligibility rule still applies.
By Kelley R. Taylor
IRS Rules -
Mega Millions After Taxes: How Much Will the Winner Get?Lottery Taxes A Mega Millions jackpot winner will take home much less than the advertised jackpot amount, thanks to taxes.
By Katelyn Washington
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Types of Income the IRS Doesn't TaxIncome Tax It might feel as if the IRS taxes most of your hard-earned money, but some types of income are nontaxable.
By Kelley R. Taylor
Income Tax -
Ask the Tax Editor: Tax Questions for InvestorsAsk the Editor In this week's Ask the Editor Q&A, Joy Taylor answers tax questions for investors, including queries on capital gains and qualified small business tock.
By Joy Taylor
Ask the Editor
