Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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Why the IRS Can Reject Smartwatch Mileage LogsTech Tax As we hit the halfway point of 2026, it's time to audit your mileage log before Uncle Sam audits it for you.
By Kate Schubel
Tech Tax -
Standard Deduction 2026: How Much You Can Claim and Whether You Should ItemizeTax Breaks Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?
By Kelley R. Taylor
Tax Breaks -
How to Track Your HSA Receipts and PaperworkLearn which HSA records to keep, how long to keep them and the easiest ways to stay organized
By Paige Cerulli
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Retired With Self-Employment Income? Don't Miss This Tax BreakSome retired taxpayers don't realize that premiums for Medicare and long-term care insurance may be deductible on their return. Here's what financial planners say you need to know.
By Sandra Block
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Trump Tax Bill 2025: What Changed and How It Affects Your TaxesTax Law From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax changes in Trump's "big beautiful bill."
By Kelley R. Taylor
Tax Law -
Ask the Tax Editor: Deductions for Self-Employed RetireesAsk the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on available tax breaks for retirees with a side hustle.
By Joy Taylor
Ask the Editor -
Are You 'Broke Planning'? 10 Frugal Habits People Are Using to Save in 2026Tax Tips From California to New York, a new survey reveals where Americans are cutting costs. Here's how to pivot those "broke behaviors" into strategic tax advantages.
By Kate Schubel
Tax Tips -
How 2026's Surge in First-Time Bettors and New IRS Rules Are Shifting World Cup OddsTaxable Income When deciding where to place your 2026 World Cup bet, new data suggests you might want to avoid team favorites, especially since gambling winnings will be taxed higher this year.
By Kate Schubel
Taxable Income -
10 Can't-Miss Tax Breaks for Homeowners and HomebuyersHomeownership These real estate tax breaks can help homeowners get some money back.
By Gabriella Cruz-Martínez
Homeownership
