Year-end planning can significantly boost the benefits of new tax changes, helping taxpayers reduce liabilities and maximize deductions.

Tax brackets will shift upward for 2026, meaning more income will be taxed at lower rates before hitting higher tiers. The ...

Starting in 2025, the cap for deducting these taxes has been raised from $10,000 to $40,000. The caps are expected to be raised 1% every year through 2029, before reverting back to $10,000 in 2030.

Here's how the new IRS inflation adjustments are increasing the contribution limits for your 401(k) and IRA in the new year.

The Delhi High Court held that TDS for non-residents without PAN should follow DTAA rates, not the 20% rate under Section 206AA. The ruling confirms treaty provisions override procedural domestic ...

The Tribunal held that once CPC allowed the 80JJAA deduction through a subsequent Section 154 order, the earlier rectification appeal no longer survived. The appeal was dismissed as academic, with a ...

Employees who attempt to cheat the system with bogus tax deductions risk facing severe repercussions. The Income-Tax ...

"Taking action before the end of this year can be a huge benefit to your financial health in 2026," said Dan Snyder, director of personal financial planning at the American Institute of CPAs, pointing ...

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at five questions on the 20% tax ...

President Donald Trump’s campaign promise to scrap taxes on Social Security income never progressed in Congress, but many seniors are still getting a new tax break. You can take steps to squeeze the ...

Beginning in 2026, tax filers who claim the standard deduction may be allowed to take a new above-the-line deduction for cash contributions to qualifying charities. You will not need to itemize ...

A new 2025 tax law allows qualifying buyers to deduct up to $10,000 in annual auto loan interest. Only new, U.S.-assembled vehicles weighing less than 14,000 pounds qualify for the deduction. Dealers ...