Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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10 Can't-Miss Tax Breaks for Homeowners and Homebuyers
Homeownership These real estate tax breaks can help homeowners get some money back.
By Gabriella Cruz-Martínez
Homeownership -
Stop Using Your Smartwatch for Mileage (Until You Read This IRS Rule)
Tech Taxes You bought your watch for tracking steps, but the IRS tracks your mileage. Did you miss out on this key tax deduction?
By Kate Schubel
Tech Taxes -
The $6K Senior Deduction: How 2026 Savings Vary by Income Level
Tax Breaks This new tax break for those age 65 and older creates a limited window of relief in retirement. Here’s how much it could save you and who benefits most.
By Kelley R. Taylor
Tax Breaks -
Tax-Free Income in 2026? These Changes Could Wipe Out Your Federal Bill
Income Taxes New legislation aims to exempt up to $92,000 in earnings from federal income tax. Here's who would win.
By Kate Schubel
Income Taxes -
Ask the Editor: Questions on Tax Changes for 2026
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on changes to charitable deductions and other tax breaks that first take effect in 2026.
By Joy Taylor
Ask the Editor -
How to Get Rid of the Things Your Kids Don't Want While Downsizing
Whether moving by necessity or choice, downsizing means deciding what to do with your stuff. Here's what to do if the kids and grandkids don't want it all.
By Cameron Huddleston
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New Car Loan Interest Deduction: Which Vehicles and Buyers Qualify
Tax Breaks Trump and the GOP are now offering a tax deduction for auto loan interest. How will it work?
By Kelley R. Taylor
Tax Breaks -
Quiz: Are You Making These Costly Tax Mistakes?
Quiz Think you’re a tax pro? From missing tax deductions to falling for common tax filing traps, even small errors can cost you hundreds.
By Kelley R. Taylor
Quiz -
65 or Older? 5 Tax Strategies to Protect Your Retirement Income
Retirement From leveraging the new senior bonus deduction to timing Roth conversions, smart tax planning is key this year.
By Kelley R. Taylor
Retirement
