Gross income is everything taxable that you earn over the course of a tax year, from wages to IRA withdrawals. The IRS unhelpfully defines adjusted gross income as "gross income minus adjustments ...

A retiree’s ability to exert some control over their taxes is increased when their portfolio includes accounts with different ...

Medicare Part B premiums are rising-and for those with higher incomes, the increase will be even more noticeable due to ...

On May 22, the House of Representatives passed proposed tax legislation titled, “The One, Big, Beautiful Bill” (TOBBB), which will now be debated ...

A recent Gallup study showed that 40% of Americans don't have retirement savings. Financial experts weighed in to offer ...

For many retirees, discovering that a portion of their Social Security benefits might be subject to federal income taxes can ...

Ok, you’re feeling pretty good about your long-term savings habit and now have a rather decent IRA balance.  You’re turning 73 or already 73 or older.  Now Congress setup a […] ...

"Congress set up a simple rule to force you to start reducing your IRA. They just can’t stand the idea of letting you keep ...

On May 22, 2025, the House passed the legislation entitled “The One Big Beautiful Bill” (the “BBB”). The BBB makes permanent, extends and, in ...

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on hobby losses, I ...

President Trump's new bill could make your auto loan interest tax deductible, leading to cheaper overall payments. Find out ...

All new car and truck buyers who take out a car loan won't qualify for the tax deduction. Much will depend on your income, ...