Tax Law
News, insights and expert analysis on tax law from the team at Kiplinger.
Latest
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New Overtime Tax Deduction Proposed for Millions Working Extra Hours
Tax Law Some lawmakers and President Trump want to offer overtime tax relief. But will a tax deduction or an exemption help you most?
By Kelley R. Taylor Last updated
Tax Law -
Here's How the Child Tax Credit Could Increase Under Trump
Tax Credits House Republicans released details on President Trump’s ‘one big, beautiful bill,’ including an increased child tax credit.
By Gabriella Cruz-Martínez Last updated
Tax Credits -
Big Tax Deduction Increase Proposed for Those Over Age 65
Tax Deductions A new bipartisan bill and a tax plan from the House GOP could mean bigger retirement tax savings to offset taxes on Social Security and high prices.
By Kelley R. Taylor Last updated
Tax Deductions -
What’s Happening With Taxes on Overtime Pay?
Income Tax Donald Trump’s proposal to eliminate overtime tax has ignited chatter.
By Kelley R. Taylor Last updated
Income Tax -
SALT Deduction: Three Things to Know for 2025
Tax Deductions Changes to the state and local tax deduction and the looming TCJA expiration have brought this tax break into the spotlight.
By Kelley R. Taylor Last updated
Tax Deductions -
How Tariffs Will Impact Clothing and Toy Prices in 2025
Tax Policy U.S. toymakers warned customers of fewer toys and higher prices this year.
By Gabriella Cruz-Martínez Last updated
Tax Policy -
Hallmark Raising Prices Due to Tariffs: What You Need to Know
Tariffs Even some companies with U.S.-based manufacturing are impacted by the Trump administration’s trade dispute.
By Gabriella Cruz-Martínez Last updated
Tariffs -
2025 Tax Reform: Are Trump and the GOP Actually Planning to Raise Taxes?
Tax Reform As high-stakes tax reform talks resume on Capitol Hill, questions are swirling about what and President Trump and the GOP will do.
By Kelley R. Taylor Last updated
Tax Reform -
Will Trump’s 100% Movie Tariff Double Your Ticket Prices? What to Know
Tariffs Trump’s proposed 100% tariff on foreign films threatens global productions and your wallet.
By Kelley R. Taylor Last updated
Tariffs