Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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11 Overlooked Tax Deductions and Credits
Tax Breaks Don’t miss these often overlooked tax deductions and credits when you file your tax return this year.
By Katelyn Washington
Tax Breaks -
3 Retirement Changes to Watch in 2026: Tax Edition
Retirement Taxes Between the Social Security "senior bonus" phaseout and changes to Roth tax rules, your 2026 retirement plan may need an update. Here's what to know.
By Kate Schubel
Retirement Taxes -
IRS Tax Season 2026 Is Here: Big Tax Changes to Know Before You File
Tax Season Due to several major tax rule changes, your 2025 return might feel unfamiliar even if your income looks the same.
By Kelley R. Taylor
Tax Season -
Ask the Tax Editor: Residential Rental Property Questions
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on reporting income and loss from residential rental property.
By Joy Taylor
Ask the Editor -
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 -
Standard Deduction 2025 and 2026: Amounts, Exceptions, and Who Should Itemize
Tax 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 -
Is Home Insurance Tax Deductible?
With home insurance rates on the rise, you might be hoping to at least claim the cost as a tax deduction. Here's what you need to know ahead of tax season.
By Rachael Green
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Trump 2025 Tax Bill: What’s Changed and How It Affects Your Taxes
Tax 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 -
New $6,000 'Senior Bonus' Deduction: What It Means for Taxpayers Age 65 and Older
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
Tax Changes
