However, instead of eliminating taxes on Social Security benefits, the bill included a new tax deduction for senior citizens ...

Trump’s EV tax credit offers up to $7,500, but strict buyer, vehicle, and reporting rules must be met before it expires on ...

The tax reform under President Donald Trump, enacted through the 'One Big Beautiful Bill' on July 4, 2025, reshapes how ...

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

The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the number of seniors who won't pay taxes on Social Security to 88 percent.

Adjusted gross income is an important number used to determine how much you owe in taxes. It’s a factor in determining your federal tax bracket and taxable income — the portion of your income subject ...

The IRS suggests a new twist for when buyers could take delivery of a new EV and still claim the lucrative tax credit, which ...

The temporary policy will allow certain tipped workers to claim deductions up to $25,000 per year on their taxes ...

Various farm programs as established by the Farm Service Agency have various limits based on the farmer’s adjusted gross income (AGI). However, some of these programs also allow for either a double ...