Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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Deduct Expenses for Long-Term Care on Your Tax Return
Long-Term Care The IRS allows some limited tax breaks on medical expenses and insurance premiums related to long-term care.
By Gabriella Cruz-Martínez
Long-Term Care -
Ask the Editor — Tax Questions on the SALT Deduction
Ask the Editor In this week's Ask the Editor Q&A, we answer questions from readers on the OBBB's changes to the SALT deduction.
By Joy Taylor
Ask the Editor -
New $6,000 'Senior Bonus' Deduction: What It Means for Taxpayers Age 65-Plus
Tax 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 -
Over Age 65? New $6,000 'Senior Bonus' Deduction Is Available Even If You Itemize
Tax 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 -
Another State Rebels Against Trump’s New 2025 Tax Law: What Now?
State Taxes Even if states adopt tax policies in the so-called ‘big beautiful bill,’ lawmakers may have workarounds at their fingertips.
By Kate Schubel
State Taxes -
How Your 2025 Wedding Could Save You Money on Taxes
Tax Breaks There are some wedding expenses that are tax-deductible, and you don’t want to miss out on savings.
By Gabriella Cruz-Martínez
Tax Breaks -
Ten Tax Breaks for Homeowners and Homebuyers in 2025
Homeownership These real estate tax breaks can help homeowners get some money back.
By Gabriella Cruz-Martínez
Homeownership -
Ask the Editor — Tax Questions on Standard Deductions
Ask the Editor In this week's Ask the Editor Q&A, we answer tax questions from readers on claiming standard deductions on your tax return.
By Joy Taylor
Ask the Editor -
Biggest Winners and Losers in Trump's New Tax Plan
Tax Law Trump’s mega tax overhaul, known as the ‘One Big Beautiful Bill,’ has distinct winners and losers. Which group do you fall into?
By Gabriella Cruz-Martínez
Tax Law