Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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Emergency Tax Bill Ends $6,000 Senior Deduction and Tip, Overtime Tax Breaks in D.C.
Tax Law Here’s how state tax conformity rules could immediately raise your income tax liability.
Tax Law -
New GOP 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?
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Ask the Editor: Deducting Car Loan Interest
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on the new tax deduction for paying interest on vehicle loans.
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Ten Retirement Tax Plan Moves to Make Before December 31
Retirement Taxes Proactively reviewing your health coverage, RMDs, and IRAs can lower retirement taxes in 2025 and 2026. Here’s how.
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Trump 2025 Tax Bill: What’s Changing 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 so called "big beautiful bill."
Tax Law -
SALT Deduction 2025 Changes: Three Key Things to Know Now
Tax Deductions Changes to the state and local tax (SALT) deduction in the so-called 'big beautiful bill' have put this tax break in the spotlight.
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Ask the Editor: What medical expenses are deductible?
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on the tax deduction for medical expenses, from Medicare premiums to teeth whitening.
Ask the Editor -
Three Critical Tax Changes Could Boost Your Paycheck in 2026
Tax Tips The IRS predicts these tax breaks may change take-home pay in 2026. Will you get over $1,000 in tax savings?
Tax Tips -
IRS Updates 2026 Tax Deduction for People Age 65 and Older
Tax Changes Adjustments to the extra standard deduction can impact the tax bills of millions of older adults. Here are some new amounts to know for 2026.
Tax Changes
