Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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14 Education Tax Credits and Deductions to KnowEducation From the $20,000 529 plan expansion to the return of the student loan "tax bomb," here's how you'll pay for school in 2026 and where to save.
By Gabriella Cruz-Martínez
Education -
Ask the Tax Editor: Tax Breaks for VehiclesAsk the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on tax breaks for buying a vehicle, using a vehicle in your business and more.
By Joy Taylor
Ask the Editor -
The Silent 401(k) Drain Costing Thousands in Retirement GrowthTax Savings Millions of parents are cutting retirement savings to cover rising student debt. Discover three strategies to protect your future.
By Kate Schubel
Tax Savings -
Non-Refundable vs Refundable Tax Credits: What’s the Difference?Tax Credits Refundable tax credits and non-refundable tax credits can be confusing. Here’s how they work and how each can help you when you file your tax return.
By Katelyn Washington
Tax Credits -
Ask the Tax Editor: Is it a hobby or a business?Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor explains the income tax differences between a hobby and a Schedule C business engaged in for profit.
By Joy Taylor
Ask the Editor -
5 Summer Activities That Can Change Your TaxesTax Planning Certain summertime activities might help lower your taxable income.
By Kelley R. Taylor
Tax Planning -
Standard Deduction 2026 Quiz: How Much Do You Really Know?Quiz Test your knowledge of IRS rules that impact how much money you keep in your wallet.
By Kelley R. Taylor
Quiz -
Taxes on Gambling Winnings and Losses: 9 Tips to RememberTax Tips Whether it’s online sports betting, a casino win or a horse bet, don’t forget the gambling tax.
By Rocky Mengle
Tax Tips -
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
