JOURNAL ARTICLE

The Kiplinger Tax Letter.

  • Published In: Kiplinger Tax Letter, 2025, v. 101, n. 1. P. 1 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Taylor, Joy 3 of 3

Abstract

The article outlines significant tax changes set to take effect for the 2026 tax year, which will impact returns filed in 2027. Key provisions include new charitable deduction limits for nonitemizers, increased child and dependent care credits, and adjustments to tax brackets and standard deductions due to inflation. Additionally, the article notes the expiration of certain tax credits related to electric vehicles and clean energy, as well as changes to retirement account contribution limits and health savings accounts. It highlights that many tax benefits will be phased out for upper-income individuals and discusses new tax implications for remittance transfers made by noncitizens. [Extracted from the article]

Additional Information

  • Source:Kiplinger Tax Letter. 2025/12, Vol. 101, Issue 1, p1
  • Document Type:Article
  • Subject Area:Education
  • Publication Date:2025
  • ISSN:0023-1762
  • Accession Number:190599724
  • Copyright Statement:Copyright of Kiplinger Tax Letter is the property of Future Publishing Ltd. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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