Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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IRS Updates 2027 Tax Deduction for People Age 65 and OlderTax Changes Adjustments to the extra standard deduction can impact the tax bills of millions of older adults. Here are some new amounts to know for 2027.
By Kelley R. Taylor
Tax Changes -
The 2027 Standard Deduction Is HereTax Breaks The IRS has announced a new standard deduction amount for 2027 that's higher than ever.
By Kate Schubel
Tax Breaks -
Can I Deduct This? A Quick Tax QuizQuiz Answer these five surprising scenarios to see if your write-offs save money or would trigger an IRS audit.
By Kate Schubel
Quiz -
10 Can't-Miss Tax Breaks for Homeowners and HomebuyersHomeownership These real estate tax breaks can help homeowners get some money back this year. Are you eligible?
By Kate Schubel
Homeownership -
144 Million Standard Deduction Filers Get a New Charitable Tax BreakTax Savings Claiming the standard deduction and donating this year? Here's what that means for your next tax return.
By Kate Schubel
Tax Savings -
Ask the Tax Editor: Questions on Vehicle ExpensesAsk the Editor Kiplinger editor Joy Taylor answers readers' questions about deducting vehicle expenses, including the standard mileage allowance.
By Joy Taylor
Ask the Editor -
New Car Loan Interest Deduction: Which Vehicles and Buyers QualifyTax Breaks The Trump 2025 tax overhaul includes a temporary tax deduction for auto loan interest. How does it work?
By Kelley R. Taylor
Tax Breaks -
Ask the Editor: Can I Deduct a GoFundMe Contribution and MoreAsk the Editor Our Kiplinger Tax Letter Editor answers whether a reader can deduct a GoFundMe contribution and other questions related to charitable donations.
By Joy Taylor
Ask the Editor -
How to Deduct Expenses for Long-Term Care on Your Tax ReturnTax Breaks The IRS allows limited deductions for medical expenses and long-term care insurance premiums. See if you qualify.
By Gabriella Cruz-MartÃnez
Tax Breaks
