Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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SALT Deduction 2025: Three Things to Know Now
Tax Deductions Changes to the state and local tax (SALT) deduction in the so-called 'One Big Beautiful Bill' have this tax break in the spotlight.
By Kelley R. Taylor Last updated
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Tax Credit Treasures: Your Amazon Prime Day Guide to Home Upgrades
There are many items for sale during Amazon Prime Day that help make your home more energy efficient and can apply towards tax credits that will expire soon.
By Sean Jackson Published
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2025 Standard Deduction Changes Under New Trump Tax Bill
Tax Breaks What is the standard deduction for your filing status in 2025?
By Kate Schubel Last updated
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How to Get Rid of the Things Your Kids Don't Want While Downsizing
Whether moving by necessity or choice, downsizing means deciding what to do with your stuff. Here's what to do if the kids and grandkids don't want it all.
By Cameron Huddleston Published
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The Extra Standard Deduction for People Age 65 and Older
Tax Deductions The extra standard deduction can help older adults reduce their taxable income.
By Kelley R. Taylor Last updated
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New GOP Car Loan Tax Deduction: Which Vehicles and Buyers Qualify
Tax Breaks To fulfill Trump's campaign promise, GOP lawmakers are offering a tax deduction for auto loan interest. How will it work?
By Kelley R. Taylor Last updated
Tax Breaks -
Ask the Editor — Tax Questions on Disaster Losses and more
Ask the Editor In this week's Ask the Editor Q&A, we answer tax questions from readers on paper checks, hurricane losses, IRAs and timeshares.
By Joy Taylor Published
Ask the Editor -
2025 SALT Cap Could Hurt Top 'Hidden Home Cost'
Tax Deductions The GOP tax bill could make hidden homeowner costs worse for you. Here’s how.
By Kate Schubel Published
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Don't Miss These Four Tax Breaks for Americans Living Abroad in 2025
International Tax U.S. expats can reduce their tax burden by taking advantage of a handful of tax credits and deductions.
By Gabriella Cruz-Martínez Last updated
International Tax