Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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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 -
New $6,000 'Senior Bonus' Deduction: What It Means for Taxpayers Age 65 and OlderTax 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 -
Do You Know More Retirement Tax Rules Than a 28-Year-Old? Take the QuizQuiz We gave a Gen Z non-finance professional these five questions, and here's how they scored. Can you beat it?
By Kate Schubel
Quiz
