Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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5 Little-Known Senior Tax Deductions in 2026Retirement Tax Some may sound like myths, but these unique tax write-offs can be approved under strict IRS medical guidelines — provided you have the right paperwork.
By Kate Schubel
Retirement Tax -
New $6,000 'Senior Bonus' Deduction: What It Means for Taxpayers Age 65 and OlderTax 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 -
Do You Know More Retirement Tax Rules Than a 28-Year-Old? Take the QuizQuiz We gave a Gen Z non-finance professional these five questions, and here's how they scored. Can you beat it?
By Kate Schubel
Quiz -
How Benjamin Franklin's Simple Money Rules Could Help Lower Your 2026 TaxesIncome Tax Start your midyear tax planning with these simple, timeless money rules.
By Kate Schubel
Income Tax -
Home Office Tax Deduction: Work From Home Write-Offs in 2026Tax Breaks Can you claim the home office deduction on your taxes this year?
By Rocky Mengle
Tax Breaks -
The Extra Standard Deduction for People Age 65 and Older: How Much Can You Save?Tax Deductions The extra standard deduction can help older adults reduce their taxable income.
By Kelley R. Taylor
Tax Deductions -
First-Time World Cup Bettors Face New 2026 Tax RulesBetting Tax With millions of fans backing favorites and a new 90% limit on loss deductions, your 2026 tournament strategy needs a substitution.
By Kate Schubel
Betting Tax -
Giving Money for a Wedding or Graduation? See if You Know These IRS Gift Tax RulesQuiz Can you separate fact from fiction when it comes to IRS rules about how much you can gift tax-free? Take our quiz.
By Kelley R. Taylor
Quiz -
Could the New $6,000 Senior Bonus Tax Deduction Hurt Social Security?Tax Policy Analysis shows that a new tax break designed to help older adults could weaken what is now a key safety net for millions of retirees.
By Kelley R. Taylor
Tax Policy
