In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers four questions on paper checks, hurricane losses, IRAs and timeshares. Question: I heard that the IRS will ...

The 2024 tax filing deadline may have come and gone, but that doesn't mean your chance to file has disappeared with it. A significant number of Americans miss the tax deadline every year, some ...

Instead of getting one big check, you could see that money spread out throughout the year to help cover monthly expenses Jasmine Johnson is an Accredited Financial Counselor and Accountant. She has ...

For many people, filing taxes to the Internal Revenue Service is a befuddling process. There's a lot of jargon. The forms can be confusing to fill out. And there can be financial and legal penalties ...

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on the tax rules for ...

About 45 years have passed since a U.S. state last eliminated its income tax on wages and salaries. But with recent actions in Mississippi and Kentucky, two states now are on a path to do so, if their ...

In 2017, President Donald Trump and a Republican controlled Congress successfully enacted the Tax Cuts and Jobs Act (TCJA) into law. (The majority of its provisions took effect in 2018.) According to ...

Learning to plan ahead is a great strategy when it comes to taxes. Many Americans are looking for ways to limit what they owe via credits or deductions. Yet, with ever-evolving regulations and ...

During President Donald Trump’s successful campaign bid last year, he proposed eliminating individual income taxes for all Americans and paying for the lost revenue by increasing import tariffs. While ...