Can I Deduct This? A Quick Tax Quiz
Nothing brings out taxpayer "creativity" quite like pursuing a bigger refund. Every year, millions of Americans scour their bank statements and receipts, asking the age-old question: "Can I deduct this?"…
Taxes
28 articles
Bitcoin
Deloitte’s Rob Massey: What Bitcoin Investors Need to Know About The Changing IRS Tax Guidance
▶ Bitcoin Magazine Deloitte’s Rob Massey: What Bitcoin Investors Need to Know About The Changing IRS Tax Guidance Bitcoin tax rules have evolved, but the self-assessment system hasn’t changed. Rob…
How Much Tax You Pay on an Inherited IRA: 4 Rules That Matter
For some people, inheriting an IRA can feel like a financial windfall. But before you decide what to do with the money, there's a key question: How much will you…
The Boots Rule of Retirement Tax Planning
In Sir Terry Pratchett's 1993 Discworld novel "Men at Arms," Captain Samuel Vimes laid out his grand economic theory: a rich man spends $50 on a pair of good leather…
Property Tax Relief on the Ballot in 7 States: What Homeowners Should Know
As we approach the 2026 midterm elections on November 3, affordability is a major concern for many voters across the United States. People already worry about rising grocery and housing…
Why Avoiding Capital Gains Can Sometimes Cost You More
Who likes paying taxes? Let me see a show of hands. OK. No one. Still, taxes are part of investing, and sometimes the determination to avoid them can lead to…
Elon Musk says money will be ‘irrelevant’ if his vision of a multiplanetary future comes true
Elon Musk says his descendants might have a "tiny fraction" of his wealth. Jae C. Hong/AP Elon Musk says "money becomes irrelevant" if he's right about what the future holds.…
United Airlines CEO Calls for New Taxes on Wealth and Inheritances: What That Would Mean for Your Money
As many people in the U.S. are dealing with high prices for everyday expenses, the growing gap between wealthy households and everyone else is a topic of debate. Now, United…
5 Little-Known Retirement Tax ‘Gotchas’
Retirement should simplify your life, but managing post-career income streams often adds unexpected tax complexity. Once you retire, you lose the safety net of routine employer withholdings, making it easier…
3 Smart Ways to Delay or Defer Taxes on Your RMDs
I started to focus on retirement income planning about 15 years ago. One thing that struck me early in this journey was just how much our clients detest required minimum…
Tax Strategies for 4 Types of Real Estate Investors
If there's one thing I've learned in my years advising real estate investors , it's this: The tax code doesn't care about your feelings. It does, however, reward you handsomely…
Ask the Tax Editor: Questions on Vehicle Expenses
Each week in our Ask the Tax Editor series, Joy Taylor, The Kiplinger Tax Letter editor, answers questions on topics submitted by readers. This week, she's looking at four tax…
Tax-Efficient Retirement Income Strategies
Editor's note: This is the second article in a two-part series on how advisors can help clients move from reactive decision-making to intentional retirement planning. Part one is Are Your…
Is Your Tax Professional Filing Your Taxes or Actually Planning Them?
If your accountant only contacts you during tax season, you might be paying for a glorified report card, not strategy. But your professional may not be entirely to blame. The…
Social Security Tax Limit Increases for 2027: Who Pays More?
You probably know that money is taken out of your paycheck to help fund the Social Security program. But did you know there's a limit on how much of your…
Seattle voters view economy as weakening in survey that reveals short-lived World Cup euphoria
FIFA World Cup soccer matches in Seattle attracted huge crowds to watch parties in Pioneer Square and elsewhere, but the honeymoon faded quickly according to new data shared by the…
144 Million Standard Deduction Filers Get a New Charitable Tax Break
Budgeting for holiday giving can feel tough in a high-cost economy, but a new tax provision helps your charitable dollars go further this year. Under the 2025 Trump tax bill…
How to Turn Your RMD Into a Smart Tax Strategy
Required minimum distribution season sneaks up on many retirees. RMDs are the amounts you must withdraw from tax‑deferred retirement accounts once you reach the required age, which is 73 for…
How to Fact-Check AI Financial Advice in 7 Steps
More retirees are asking AI the money questions they used to ask financial advisers. The appeal is obvious. AI chatbot answers arrive in seconds, nothing is embarrassing to ask, and…
Older Homeowners Are Cutting Their Property Tax Bills by Volunteering
Shortly before 9:00 a.m., Diane, a 68-year-old retired middle school teacher, walks into her local library and notices a crooked display of flyers for after-school homework help. She straightens them…
How the Ultra-Rich Can Protect Mega-IRA Assets
More than 32,000 Americans now hold $10 million or more in tax-advantaged accounts, with more than 1,000 holding balances above $25 million, according to Joint Committee on Taxation data .…
Artificial Intelligence
Billionaire Jeff Bezos: ‘Success is not villainy’
Amazon founder Jeff Bezos is interviewed by Bret Baier of Fox News in Florida. (Screen grab via Fox News) When Jeff Bezos sat down on Blue Origin’s Cape Canaveral factory…
