Income Tax
News, insights and expert analysis on income tax from the team at Kiplinger.
Latest
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Standard Deduction 2025 and 2026: Amounts, Exceptions, and Who Should Itemize
Tax 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 -
States That Don't Tax Pension Income in 2026
Retirement 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 -
2025-2026 Tax Brackets and Federal Income Tax Rates
Income Tax Knowing your federal tax bracket is essential, as it determines your marginal income tax rate for the year.
By Kelley R. Taylor
Income Tax -
Is Unemployment Taxable? A State-by-State Guide
State Tax The federal government taxes unemployment benefits. But is unemployment taxable in your state?
By Katelyn Washington
State Tax -
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 -
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 -
2025 Standard Deduction Changes Under New Trump Tax Bill
Tax Breaks What is the standard deduction for your filing status in 2025?
By Kate Schubel
Tax Breaks -
Most-Overlooked Tax Breaks for Retirees and People Over 65
Tax Breaks If you're over 65, don't miss out on these overlooked tax breaks for retirees.
By Kevin McCormally
Tax Breaks -
Why Your Bonus Check Is So Small: Understanding 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
