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The Latest Breaking News from Kiplinger

Converting Retirement Savings to a Roth IRA? Don't Do This

You might want to convert all of your savings to a Roth in one go, but you could end up paying hundreds of thousands more in taxes than you have to.

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Gov. Hochul Vows to Deliver $1 Billion in Tax Relief to New Yorkers

The proposed tax cuts would benefit New York middle-class families.

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'Pickleball Tax' Battle Heads to Court

The pickleball controversy continues as a nonprofit organization takes legal action against “illegal” taxes.

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California Fires: How to Recover Tax Records and Other Important Documents

Having your tax records and other vital documents is important for claiming casualty loss deductions that can help with recovery.

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NY Gov. Hochul Aims To Triple Empire State Child Credit

Millions of New York families could get a larger state child tax credit check over the next two years under a new proposal.

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U.S. Consumers May Feel Pinch From Panama Canal Tariff Hike

The Panama Canal tariffs on crossing ships will add to looming price hikes for U.S. consumers as Trump threatens to take control of the historic waterway.

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Where to Store Your Cash in 2025

Take a fresh look at budgeting and savings opportunities for where to store your cash this year, to ensure you leave no stone unturned.

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IRS Shakeup? What Trump's Commissioner Pick Could Mean for Taxes

An unconventional nominee comes amid broader efforts to reshape the IRS and tax policy in 2025.

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Congress Claws Back Another $20 Billion from the IRS

The tax agency's IRA funding was stripped further due to a legislative error.

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Tax Credit vs. Tax Deduction: What’s the Difference?

Your guide to tax deductions and credits, how the IRS treats them differently, and how they impact your tax bill.

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Florida Tax Deadline Extension: What You Need to Know

The IRS extended federal tax return file time due to severe storms.

Kiplinger

Big State Tax Changes to Watch on the 2024 Ballot

When you vote, don’t forget key state measures on everything from property tax and grocery tax relief to capital gains taxes.

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What Is the Tax Cuts and Jobs Act (TCJA)?

Everything you need to know about the TCJA and key tax credits and deductions currently set to expire at the end of 2025.

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What’s Happening With Taxes on Overtime Pay?

Donald Trump’s latest idea to eliminate overtime tax has ignited chatter.

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news in one place.

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Who Does the IRS Audit the Most?

The IRS has a $400K audit directive problem. Here’s what you need to know.

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Six New Tax Credits in Harris' Economic Plan: What to Know

Democratic nominee, Vice President Kamala Harris has proposed several tax breaks.

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Incorrect ERC? IRS Points to Five New Red Flags

These signs could mean there’s an error in your Employee Retention Credit claim.

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Kamala Harris Calls for 28% Capital Gains Tax, Diverging from Biden's Higher Rate

Capital gains tax rates are an important issue for some voters in the upcoming November election.

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news in one place.

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Unrealized Gains Tax: One Important Thing to Know Now

Unrealized capital gains have taken center stage in election discussions about tax fairness and economic policy.

Kiplinger

Best (and Worst) Airports for Early Bird and Red-Eye Flights

Save on your flight by traveling before 8 AM or after 8 PM from these airports, and find the best drinks — coffee or cocktails — from dusk-to-dawn

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What's Wrong With Trump's Pledge to End Taxes on Social Security Benefits

Eliminating taxes on Social Security benefits could impact your finances. Here's what you need to know.

Kiplinger

Why This Economist Thinks the Fed Is Already Late to Cut Rates

Moody's Analytics chief economist Mark Zandi talks to Kiplinger about what he thinks the Federal Reserve is getting wrong on inflation.

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What Brings High-Net-Worth People to Everest?

Everest, Inc. author Will Cockrell discusses why high-net-worth people flock to climb Mount Everest.

Kiplinger

High Earners: Beware of These Illegal Schemes to Lower Taxes

The IRS says high-income filers are targets for several illegal tax schemes.

Kiplinger

What's Happening With the Employee Retention Credit and the IRS?

Due to fraud, the ERC has received much attention lately from the IRS and Congress.

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