After mastering the art of optimizing Social Security taxes, a new challenge emerged: understanding how Medicare premiums ...

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

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

The difficulty of getting money into a Roth account frustrated me for several years until I heard about something called the “mega backdoor Roth conversion.” ...

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

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, ...

"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 ...

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

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 ...

The decision of whether to save for retirement through a Roth IRA or through a traditional IRA is a complex matter that can ...

House Republicans passed President Donald Trump’s “one big, beautiful bill” on May 22. This meaty budget reconciliation bill ...

IRMAA functions effectively as a stealth tax that can dramatically increase health care costs for higher-income retirees.