Income Tax
News, insights and expert analysis on income tax from the team at Kiplinger.
Latest
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IRS Continues Ramping Up Tax Enforcement for Millionaires
IRS IRS tax enforcement has led to the collection of $520 million from tax-evading millionaires. But the agency isn’t done making the wealthy pay up.
By Katelyn Washington Published
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Penalties for Filing Your Tax Return Late
tax deadline Stiff penalties await those who didn't file their return (or pay any tax owed) by the tax filing deadline.
By Rocky Mengle Last updated
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9 Tax Deadlines for April 18
tax deadline Between requesting a tax extension, making IRA or HSA contributions, and meeting other tax deadlines, there's more to do on Tax Day than just filing your federal income tax return.
By Rocky Mengle Last updated
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Living and Working in Different States Can Be a Tax Headache
state tax Living in one state and working in another can trigger a number of tax issues. Here are several things to keep in mind if you and/or your spouse are in this situation.
By William Neilson Last updated
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Etsy, eBay, PayPal Want IRS 1099-K Relief for Online Sellers
Income Tax Companies like eBay, Etsy, and PayPal want Congress to raise the $600 reporting threshold for IRS Form 1099-K to give relief to millions of sellers who use their sites.
By Kelley R. Taylor Published
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Tax Withholding Adjustments Can Boost Your Paycheck Now and Avoid Penalties Later
W-4 form If you've had too much or too little tax withheld from your paychecks, there's still time to submit a new Form W-4 to change your tax withholding for the rest of the year.
By Rocky Mengle Published
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Should You Wait to File Your Taxes This Year?
Tax Season The 2024 tax season is open, but should you wait to file taxes?
By Katelyn Washington Published
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12 IRS Audit Red Flags for the Self-Employed
taxes If you are self-employed, minimize the odds of an IRS audit by avoiding these audit triggers.
By Joy Taylor Last updated
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When Can You File Taxes in 2023?
tax filing If you're an early bird when it comes to filing your tax return, there's good news from the IRS.
By Rocky Mengle Published
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