Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 ...

In our Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on the new tax deduction for ...

Up to 85% of your Social Security benefits may be taxed, but a new "senior deduction" can cut taxes—unless your income is too ...

Congress did not simply extend the Tax Cuts and Jobs Act provisions starting in 2026 with the One Big Beautiful Bill Act; it also modified some of those provisions effective in 2025.

The IRS 'No Tax on Tips' rule under the One Big Beautiful Bill Act provides a tax deduction for qualified tips, helping ...

Drake Software, a leading provider of professional tax preparation solutions, proudly announces the launch of Drake Tax ...

If you haven't received your federal tax refund for the 2024 fiscal year, don't assume the process is over. The IRS has confirmed that tax refunds will continue to be issued through September and ...

If you're still waiting for your 2024 federal tax refund, don't worry. The IRS is continuing to process refunds through September and October 2025, due to staggered processing times for returns ...

If you work from home, you may be able to deduct your business-related expenses. But if you don't qualify for that, you could be eligible for the "home office tax deduction." This tax break lets you ...

The Tax Rebate program in New York State offers a significant opportunity for homeowners to alleviate the burden of rising property taxes. Designed to help both families and seniors, this program ...

I'm 71 years old and my current Thrift Savings Plan (TSP) balance is $315,000 after withdrawing $60,000 this year. This is putting me in a higher tax bracket and I must pay a large amount of ...