Income Tax
News, insights and expert analysis on income tax from the team at Kiplinger.
Latest
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Does Your Child Need to File a Tax Return This Year?
Tax Filing Here’s how to tell if your child needs to file a tax return in 2025 and how it can impact your tax liability.
By Katelyn Washington
Tax Filing -
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 -
5 Ways the Second Trump Term Could Affect Your Finances
Income tax cuts are likely to be extended, but electric vehicle tax credits could disappear.
By Sandra Block
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Three Often-Overlooked Ways to Cut Your Tax Bill Now
Tax Planning Act before 2024 ends to set yourself up for potential savings when it's time to file your tax return.
By Kelley R. Taylor
Tax Planning -
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 -
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.
By Kelley R. Taylor
Taxable Income -
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.
By Kelley R. Taylor
Selling Online -
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.
By Joy Taylor
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.
By Gabriella Cruz-Martínez
IRS
