Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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Ask the Editor — Tax Questions on the SALT Deduction
Ask the Editor In this week's Ask the Editor Q&A, we answer questions from readers on the OBBB's changes to the SALT deduction.
By Joy Taylor Published
Ask the Editor -
New $6,000 'Senior Bonus' Deduction: What It Means for Taxpayers Over Age 65
Tax Changes If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.
By Kelley R. Taylor Published
Tax Changes -
Claiming the Standard Deduction? Here Are Ten Tax Breaks For Middle-Class Families in 2025
Tax Breaks Working middle-income Americans won’t need to itemize to claim these tax deductions and credits — if you qualify.
By Kate Schubel Published
Tax Breaks -
Over Age 65? New $6,000 'Senior Bonus' Deduction Is Available Even If You Itemize
Tax Changes If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.
By Kelley R. Taylor Last updated
Tax Changes -
Another State Rebels Against Trump’s New 2025 Tax Law: What Now?
State Taxes Even if states adopt tax policies in the so-called ‘big beautiful bill,’ lawmakers may have workarounds at their fingertips.
By Kate Schubel Published
State Taxes -
How Your 2025 Wedding Could Save You Money on Taxes
Tax Breaks There are some wedding expenses that are tax-deductible, and you don’t want to miss out on savings.
By Gabriella Cruz-Martínez Last updated
Tax Breaks -
Ten Tax Breaks for Homeowners and Homebuyers in 2025
Homeownership These real estate tax breaks can help homeowners get some money back.
By Gabriella Cruz-Martínez Last updated
Homeownership -
Ask the Editor — Tax Questions on Standard Deductions
Ask the Editor In this week's Ask the Editor Q&A, we answer tax questions from readers on claiming standard deductions on your tax return.
By Joy Taylor Published
Ask the Editor -
Biggest Winners and Losers in Trump's New Tax Plan
Tax Law Trump’s mega tax overhaul, known as the ‘One Big Beautiful Bill,’ has distinct winners and losers. Which group do you fall into?
By Gabriella Cruz-Martínez Published
Tax Law