Tax Law
News, insights and expert analysis on tax law from the team at Kiplinger.
Latest
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State Capital Gains Tax Rates for 2026: How Much Investors Pay This YearState Tax Selling investments at a profit can be rewarding for some — until tax season arrives. And federal taxes are just one part of the equation.
By Kelley R. Taylor
State Tax -
States With the Highest Powerball TaxesLottery Taxes These states will take the biggest tax bite out of your Powerball payout.
By Kelley R. Taylor
Lottery Taxes -
The GOP Wants to Enroll Your Child in a Trump Account for SavingsTax Law The mobile app is live; parents can still sign up, and savings may be tracked. Here’s who is eligible and when your child receives the $1,000 seed money.
By Kate Schubel
Tax Law -
IRS Simplifies Tax Penalty Relief: Who Qualifies and What’s the Catch?IRS Rules Taxpayers may receive automatic IRS relief under a new system, but a key eligibility rule still applies.
By Kelley R. Taylor
IRS Rules -
Mega Millions After Taxes: How Much Will the Winner Get?Lottery Taxes A Mega Millions jackpot winner will take home much less than the advertised jackpot amount, thanks to taxes.
By Katelyn Washington
Lottery Taxes -
Types of Income the IRS Doesn't TaxIncome Tax It might feel as if the IRS taxes most of your hard-earned money, but some types of income are nontaxable.
By Kelley R. Taylor
Income Tax -
Taxes on Social Security Benefits: 6 Things to Know for 2026Social Security The Social Security COLA is just one aspect of your benefits that can impact your tax bill.
By Kelley R. Taylor
Social Security -
New $6,000 'Senior Bonus' Deduction: What It Means for Taxpayers Age 65 and OlderTax Changes If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.
By Kelley R. Taylor
Tax Changes -
The IRS Never Texts You, So Why Are They Doing It Now?IRS Notices Taxpayers have been told for years that the IRS never sends a text message. But under 2026 digital rules, the agency can reach out for three specific reasons.
By Kate Schubel
IRS Notices
