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

The 549-page text calls for making many provisions of the Tax Cuts and Jobs Act permanent. The committee says that the SALT ...

One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...

Millions of taxpayers may soon benefit from a new tax deduction worth up to $2,000 for qualified charitable contributions.

The way to achieve a decreased tax burden is by reducing your taxable income. The IRS offers various tax credits and ...

The last U.S. Senate committees have submitted revisions to the House-passed One Big Beautiful Bill Act, shoring up funding ...

Among the core principles of both the House and Senate versions of the budget bill is permanently extending Trump’s 2017 tax ...

C ases of online scams have been rising in recent years. While existing laws and IRS guidance suggest that victims can take a ...

The One Big Beautiful Bill Act was passed by the U.S. House of Representatives in May to make sweeping changes to federal tax policy, and Senate leaders and administration officials are ...

Senate plan includes a permanent $2,000 charitable tax deduction for joint filers in the “One Big Beautiful Bill” proposal.

The deadline to avail of the estate tax amnesty lapsed on June 16, marking the end of a generous window of opportunity granted under Republic Act (RA) No. 11213, as amended by RA No. 11569 and ...

These tools identify additional tax deductions and credits and briefly explain why you may owe taxes. You can upload your W-2, enabling TurboTax to automatically fill out key fields on your return.