Income Tax
News, insights and expert analysis on income tax from the team at Kiplinger.
Latest
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How Charitable Donations Can Reduce Your Taxes
Tax Breaks Is claiming a charitable donation tax deduction the right choice for you this tax season?
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Claiming the Standard Deduction? Here Are 10 Tax Breaks For Middle-Class Families in 2025
Tax Breaks Working middle-income Americans won’t need to itemize to claim these tax deductions and credits — if you qualify.
Tax Breaks -
Powerball Jackpot Winner Will Get a Hefty Tax Bill for 2025
Lottery Taxes Whenever someone wins Powerball, the federal government gets a chunk of the prize from taxes.
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States That Don't Tax Pension Income in 2025
Retirement Taxes Over a dozen states don't tax pension income regardless of your age or how much money you have.
Retirement Taxes -
Five Ways Trump’s 2025 Tax Bill Could Boost Your Tax Refund (or Shrink It)
Tax Refunds The tax code is changing again, and if you’re filing for 2025, Trump’s ‘big beautiful’ bill could mean a bigger refund, a smaller one or something in between next year. Here are five ways the new law could impact your bottom line.
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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.
Income Tax -
Taxable Income: What It Is and How to Calculate It
Income Tax Understanding taxable income can help reduce tax liability.
Income Tax -
12 Tips on How and When to File an Amended Tax Return
Tax Returns What to do if you discover a mistake on a previously filed tax return (and other reasons for filing an amended tax return).
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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.
Social Security
