Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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IRS Updates 2027 Tax Deduction for People Age 65 and OlderTax 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 2027.
By Kelley R. Taylor
Tax Changes -
Standard Deduction 2026 and 2027: How Much Can You Claim?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 -
Trump Tax Law 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 -
Claiming the Standard Deduction? 11 Tax Breaks for Single FilersTax Deductions If you're unmarried and filing your taxes, these tax credits and deductions could provide thousands in relief.
By Kate Schubel
Tax Deductions -
6 Money Moves to Make Before 2026 EndsTax Tips Take these simple steps now to secure a strong financial finish.
By Kate Schubel
Tax Tips -
The 2027 Standard Deduction Is HereTax Breaks The IRS has announced a new standard deduction amount for 2027 that's higher than ever.
By Kate Schubel
Tax Breaks -
Can I Deduct This? A Quick Tax QuizQuiz Answer these five surprising scenarios to see if your write-offs save money or would trigger an IRS audit.
By Kate Schubel
Quiz -
10 Can't-Miss Tax Breaks for Homeowners and HomebuyersHomeownership These real estate tax breaks can help homeowners get some money back this year. Are you eligible?
By Kate Schubel
Homeownership -
144 Million Standard Deduction Filers Get a New Charitable Tax BreakTax Savings Claiming the standard deduction and donating this year? Here's what that means for your next tax return.
By Kate Schubel
Tax Savings
