Income Tax
News, insights and expert analysis on income tax from the team at Kiplinger.
Latest
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Hobby Income Tax: What It Is and How It Affects You
Income Tax Hobby income and expenses aren't reported to the IRS the way business income and expenses are. Here's how to tell what type of income you have.
By Katelyn Washington
Income Tax -
Emergency Tax Bill Ends $6,000 Senior Deduction and Tip, Overtime Tax Breaks in D.C.
Tax Law Here’s how state tax conformity rules could immediately raise your income tax liability.
By Kate Schubel
Tax Law -
Ask the Editor: 20% Qualified Business Income Deduction
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on the 20% tax deduction for qualified business income or QBI.
By Joy Taylor
Ask the Editor -
Ask the Editor: Deducting Car Loan Interest
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on the new tax deduction for paying interest on vehicle loans.
By Joy Taylor
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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
