Income Tax
News, insights and expert analysis on income tax from the team at Kiplinger.
Latest
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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 -
Social Security Tax Limit Rises Again: Who Pays More in 2026?
Payroll Taxes The Social Security Administration has announced significant changes affecting millions as we approach a new year.
By Kelley R. Taylor
Payroll Taxes -
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
Lottery Taxes -
Ask the Editor: What medical expenses are deductible?
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on the tax deduction for medical expenses, from Medicare premiums to teeth whitening.
By Joy Taylor
Ask the Editor -
How the IRS Taxes Retirement Income
Retirement Taxes It's important to know how common sources of retirement income are taxed.
By Kelley R. Taylor
Retirement Taxes -
How to Calculate Your Adjusted Gross Income — and What It Means
Income Tax Your eligibility for certain money-saving tax breaks depends on your adjusted gross income.
By Ella Vincent
Income Tax -
The Many Definitions of Modified Adjusted Gross Income (MAGI)
Income Tax The definition of modified adjusted gross income differs depending on what the calculation is used for.
By Joy Taylor
Income Tax -
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
