Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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SALT Deduction Changes: Three Key Tax Points 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.
By Kelley R. Taylor
Tax Deductions -
Can I Deduct My Pet On My Taxes?
Tax Deductions Your cat isn't a dependent, but your guard dog might be a business expense. Here are the IRS rules for pet-related tax deductions in 2026.
By Kate Schubel
Tax Deductions -
IRS Tax Season 2026 Is Here: Big Changes to Know Before You File
Tax Season Due to several major tax rule changes, your 2025 return might feel unfamiliar even if your income looks the same.
By Kelley R. Taylor
Tax Season -
Don't Overpay the IRS: 6 Tax Mistakes That Could Be Raising Your Bill
Tax Tips Is your income tax bill bigger than expected? Here's how you should prepare for next year.
By Kate Schubel
Tax Tips -
11 Overlooked Tax Deductions and Credits
Tax Breaks Don’t miss these often overlooked tax deductions and credits when you file your tax return this year.
By Katelyn Washington
Tax Breaks -
3 Retirement Changes to Watch in 2026: Tax Edition
Retirement Taxes Between the Social Security "senior bonus" phaseout and changes to Roth tax rules, your 2026 retirement plan may need an update. Here's what to know.
By Kate Schubel
Retirement Taxes -
Ask the Tax Editor: Residential Rental Property Questions
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on reporting income and loss from residential rental property.
By Joy Taylor
Ask the Editor -
New 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?
By Kelley R. Taylor
Tax Breaks -
Standard Deduction 2025 and 2026: Amounts, Exceptions, and Who Should Itemize
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
