Income Tax
News, insights and expert analysis on income tax from the team at Kiplinger.
Latest
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Your MAGI in Retirement: Year-End Tax Strategies to Save Money
Taxable Income Strategic moves now can make a difference in your modified adjusted gross income (MAGI) when it’s time to file your return.
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2024 IRS 1099-K Rule Change: What to Expect from PayPal, Venmo, More
Selling Online A new IRS 1099-K tax reporting requirement for payment networks like Venmo, PayPal, Amazon, and Cash App is supposed to apply for 2024.
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Could the AMT (Alternative Minimum Tax) Be Back Again?
Tax Letter Millions of taxpayers could owe the AMT if Congress allows the tax breaks de-fanged in the 2017 Tax Cuts and Jobs Act to expire.
Tax Letter -
Will Elon Musk Crack Down on IRS Tax Cheats Who Owe $50 Million?
IRS IRS employees are required to pay their taxes on time, but thousands slipped through the cracks.
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How Bonuses Are Taxed
Income Tax Tax withholding rules mean a portion of your bonus won’t make it into your bank account.
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Hobby Income: What It Is and How It’s Taxed
Income Tax Hobby income isn’t taxed like a business. Here's how to tell what type of income you have.
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IRS Announces 2025 Income Tax Brackets
Income Tax The IRS has adjusted federal income tax bracket ranges for the 2025 tax year to account for inflation. Here's what you need to know now.
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Mark Cuban, Kamala Harris, and Taxing Unrealized Gains
Unrealized Gains Some warn that taxing unrealized gains could devastate the economy, but are those fears realistic?
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Social Security Tax Limit Rises 4.4% for 2025
Social Security The Social Security Administration has announced significant changes affecting millions as we approach a new year.
Social Security
