Kiplinger Tax Letter

2 days ago | kiplinger.com | Kathryn Pomroy

Aging. Arthritis, heart disease and dementia. That doesn’t exactly sound like hopeful aspirations for a future you. But here’s the thing. Aging isn’t all bad, and much of how you view growing old has to do with your mental makeup. The fact is, not everyone gets to be 40 and have wrinkles. Or, like Bill Gates, Pete Townshend of the Who and David Attenborough, not everyone gets to live out their lifelong dreams as an OG.

3 days ago | kiplinger.com | Kelley R. Taylor

For many people in the United States, working overtime is a financial lifeline, helping to cover rising grocery bills, unexpected expenses, or simply keep up with the cost of living. Data suggest that almost 25% of workers regularly work more than 40 hours a week, though some studies put that number as high as 40%. While those extra hours can mean a bigger paycheck for some, they often also mean a bigger tax bill since, at the federal level, overtime pay is taxed just like regular wages.

3 days ago | kiplinger.com | Karee Venema

The latest Consumer Price Index (CPI) report showed inflation rose less than expected in April, encouraging news for those worried about the impact of President Donald Trump's tariffs on price growth. According to the Bureau of Labor Statistics, headline CPI rose 0.2% month over month in April, faster than March's 0.1% decline and in line with economists' projections. However, CPI was up 2.3% year over year, slower than the 2.4% consensus estimate and the lowest reading since February 2021.

4 days ago | kiplinger.com | Karee Venema

Stocks jumped out of the gate Monday on reports of productive trade talks between the U.S. and China. The momentum lasted into the close, too, with all three indexes putting a big dent in their year-to-date deficits. Over the weekend, high-level trade negotiators from the two countries met in Geneva, Switzerland, where they agreed to a 90-day truce that drastically lowers retaliatory tariffs. The U.S. and China will continue trade talks over this period.

4 days ago | kiplinger.com | Donna Fuscaldo

Nobody wants to hear they’re becoming their parents, but as we age it's often inevitable. It’s hard to escape it when their morals, values and idiosyncrasies have been etched into our brains. Unless, however, we’re talking about retirement saving, planning and investing. When it comes to baby boomers and Gen Xers, their approaches couldn’t be more different. Baby Boomers, those born between 1946 and 1964 (according to Pew Research), number 69 million strong.