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

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

TaxBandits has released a free e-book, “Everything You Need to Know About Form 941,” to help small businesses simplify ...

And without school in session, summer is often a perfect time for some people to start a business or take on a part-time job ...

U.S. tax rules on foreign rental income, deductions, capital gains, and key details for Spain, Portugal, Panama, France, and ...

Taxes can be an arduous process, especially if you're concerned about audits. For those in certain income brackets, this concern is especially warranted.

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 ...

It might be tempting to underreport your income or tilt the value of tax deductions in your favor. But the IRS has its ...

Managing student loans is a reality for millions, and while payments can be challenging, there's a significant tax relief ...

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 ...

If you file your return but don't pay the taxes owed by the due date, the IRS charges a Failure to Pay Penalty.