Income Tax
News, insights and expert analysis on income tax from the team at Kiplinger.
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Ask the Tax Editor: Tax Breaks for VehiclesAsk the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on tax breaks for buying a vehicle, using a vehicle in your business and more.
By Joy Taylor
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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
Lottery Taxes -
Ask the Tax Editor: Is it a hobby or a business?Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor explains the income tax differences between a hobby and a Schedule C business engaged in for profit.
By Joy Taylor
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Cut Your Taxes With Tax-Loss Harvesting in 2026Capital Gains Turn market drops into lower taxes by offsetting your capital gains.
By Kate Schubel
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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
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Ask the Tax Editor: Taxation of I Bonds
Ask 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
