Income Tax
News, insights and expert analysis on income tax from the team at Kiplinger.
Latest
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IRS Updates 2026 Tax Deduction for People Age 65 and Older
Tax Changes Adjustments to the extra standard deduction can impact the tax bills of millions of older adults. Here are some new amounts to know for 2026.
By Kelley R. Taylor
Tax Changes -
How Bonuses Are Taxed: What to Know About the Bonus Tax Rate
Income Tax Tax withholding rules mean a portion of your bonus won’t make it into your bank account.
By Kelley R. Taylor
Income Tax -
How to Pay the IRS if You Owe Taxes
Tax Debt There are several ways to pay the IRS if you owe, but just because you can pay taxes over time doesn’t always mean you should.
By Katelyn Washington
Tax Debt -
Trump's Plan to Eliminate Income Tax: 7 Things to Know Now
Tax Policy The potential consequences of eliminating taxes in favor of Trump tariffs could impact everything from inflation to Social Security and might give some U.S. taxpayers pause.
By Roxanne Bland
Tax Policy -
The Extra Standard Deduction for People Age 65 and Older
Tax Deductions The extra standard deduction can help older adults reduce their taxable income.
By Kelley R. Taylor
Tax Deductions -
U.S. Congress to End Emergency Tax Bill Over $6,000 Senior Deduction and Tip, Overtime Tax Breaks in D.C.
Tax Law Here's how taxpayers can amend their already-filed income tax returns amid a potentially looming legal battle on Capitol Hill.
By Kate Schubel
Tax Law -
Ask the Tax Editor: Federal Income Tax Deductions
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on federal income tax deductions
By Joy Taylor
Ask the Editor -
Overtime Pay Deduction: What Workers Need to Know for Tax Season
Income Tax Donald Trump’s proposal to eliminate overtime tax has ignited chatter.
By Kelley R. Taylor
Income Tax -
Don't Overpay the IRS: 6 Tax Mistakes That Could Be Raising Your Bill
Tax Tips Is your income tax bill bigger than expected? Here's how you should prepare for next year.
By Kate Schubel
Tax Tips
