Latest
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Inflation and Taxes: A Married Couple's Taxes Stay the Same?
The IRS’ inflation adjustments for 2023 would help a married couple pay the same effective tax rate as in 2022 even though their income increased.
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19 IRS Red Flags: What Are Your Chances of Being Audited?
tax returns These red flags could increase your chances of the IRS selecting your return for audit.
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Tax 2023: Is the Expanded Child Tax Credit Gone for Good?
A power split in Congress for 2023 means key Democratic and Republican tax policies could be stalled.
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How to Handle an IRS Audit of Your Tax Return
tax returns Keys to success in handling an IRS audit include being well prepared, establishing credibility, and keeping your wits about you.
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How Inflation Can Impact Your Taxes
taxes The impact of inflation on federal income tax brackets and some other tax credits might not be all bad.
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What's the Gift Tax Exclusion for 2023?
Plan on giving cash or property to family or friends? Keeping it below the annual gift tax exemption can help you save time and money.
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Top Tax Stories of 2022 (That Still Matter for 2023)
Kiplinger highlights some of its top tax stories of 2022 about topics that can still impact your finances in 2023.
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How "Stealth Tax Hikes" Can Cost You Money Each Year
A 2018 change in the way tax items are adjusted for inflation leads to less tax decreases over time. And some tax items aren't adjusted for inflation at all.
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The Downside of Delaying RMDs
Thanks to the SECURE 2.0 Act, the age for required minimum distributions is going up. However, don't automatically assume you'll benefit from this change.
