A business’s entity structure plays an important role in how it is taxed—the right choice can help minimize your liability.

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers four questions on claiming ...

The huge new tax law limits the ability to deduct losses from sports betting and other types of gambling. Here’s what you ...

The IRS provides a student loan interest deduction that lets borrowers subtract some of the payments from their taxable ...

Buying a home is an exciting milestone. One of the most common questions from new homeowners is: Are closing costs tax ...

Taxpayer was not entitled to deduct travel expenses related to his work as an employee, the U.S. Tax Court held, affirming the IRS’s deficiency determination. Taxpayer, a computer engineer, worked ...

In this week's Ask the Editor Q&A, we answer tax questions from readers on four new tax deductions in the "One Big Beautiful Bill." ...

Managing student loans is a reality for millions, and while payments can be challenging, there's a significant tax relief available: the student loan interest deduction.

Taxpayers can find their AGI on their income-tax return; for 2024 taxes filed this year, it's on line 11 of the 1040 tax form.

Choosing between a Roth and traditional 401(k) affects your retirement savings. Understanding tax differences, limits, and employer matches is key to making smart decisions ...

The IRS introduced the Fresh Start initiative in 2011 to expand access to existing tax relief options, especially the offer ...

Capital gains are the profits earned from selling assets like real estate, vehicles and collectibles. Learn how capital gains ...