Federal taxpayers who earn income not subject to withholding may need to make estimated tax payments during the year.

Republicans in the House are telling us that eliminating the Social Security benefits worksheet and fully taxing Social ...

Don't miss the June 16 IRS tax deadline for quarterly payments. Learn who needs to pay estimated taxes, what income it covers ...

You have no other deductions or income. Since your taxable income is under $100,000, you must use the IRS tax tables to determine your federal tax liability, not the tax computation worksheet.

Witt started in the child care field as a nanny right out of high school. During the COVID-19 pandemic, Witt was a stay-at-home mom.

The Internal Revenue Service (IRS) has issued a reminder for taxpayers who are required to make quarterly payments, ...

Your annual income is the total amount of money a person or a business earns during the year. This includes all money ...

The Senate's version of the One Big Beautiful Bill takes the shine off some of Trump's most popular promises. Here's why.

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

The sweeping GOP tax bill calls for an above-the-line deduction of up to $10,000 in car loan interest during a given taxable year. You'd pay no tax on that interest, if you qualified. The proposed ...

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 ...

If you’re a landlord, your rental property not only brings you extra income but can allow you to write off tax deductions to lower your tax liability. From repairs and maintenance to mortgage ...