No tax on overtime' is a new break that begins in 2025, but a surprising twist will have many paying more taxes than they ...

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on new tax deductions ...

Under the law, the only overtime compensation that qualifies for the new deduction is the extra wages—the “half” of “time and ...

On July 4, 2025, President Donald Trump signed the “One Big Beautiful Bill” into law. Among its sweeping provisions are two ...

One of the fastest trending topics in the employment and taxation blogosphere in recent weeks has been the passage of the One ...

If you’re a homeowner looking to tap into the value of your property, you’ve probably asked yourself: Is a home equity loan a good idea?

Even with the car loan tax deduction, car buyers shouldn’t lose sight of the bigger financial picture. The price of the car, interest rates, insurance, upkeep, and any new fees all add up quickly.

Several impactful tax changes are already in force for 2025 under the One Big Beautiful Bill. Here's what taxpayers need to ...

The quickest way to tell whether you will or will not get three (or five, if you’re paid weekly) paychecks in August is to look at the last time you received a paycheck.

Plus: Employees could lose a work perk (thanks to the One Big Beautiful Bill Act), new retirement account penalty rules, ...