As many tax practitioners predicted, the IRS is relying on new box codes to address new deductions, like the tip deduction. Specifically, the new draft Form W-2 includes three new Box 12 codes, ...

The Treasury released a preliminary list of 68 occupations that may be eligible for President Donald Trump's "no tax on tips" deduction. But some jobs from the list may not qualify, depending on ...

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the 20% deduction for qualified business income or QBI ...

Small businesses are one of the bedrocks of the U.S. economy, employing nearly half of the American workforce and representing over 40% of America’s GDP. Challenges like inflation and high supply ...

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 questions on deductions, tax ...