Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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IRS Updates 2026 Tax Deduction for People Age 65 and Older
Tax Changes Adjustments to the extra standard deduction can impact the tax bills of millions of older adults. Here are some new amounts to know for 2026.
By Kelley R. Taylor
Tax Changes -
Ask the Editor: Questions on the Senior Deduction and Tax Filing
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on the new $6,000 senior deduction and how to claim it on your tax return.
By Joy Taylor
Ask the Editor -
A Bunch of IRS Tax Deductions and Credits You Need to Know
Tax Breaks Lowering your taxable income is the key to paying less to the IRS. Several federal tax credits and deductions can help.
By Kelley R. Taylor
Tax Breaks -
Ask the Editor: Questions on Tax Returns and Decedents
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on how to file a tax return when someone has died and resources you can use to find more help.
By Joy Taylor
Ask the Editor -
14 Education Tax Credits and Deductions to Know
Education From the $20,000 529 plan expansion to the return of the student loan "tax bomb," the new Trump tax bill has overhauled how you pay for school. Here's where to save.
By Gabriella Cruz-Martínez
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New $6,000 'Senior Bonus' Deduction: What It Means for Taxpayers Age 65 and Older
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 -
Trump Tax Bill 2025: What Changed and How It Affects Your Taxes
Tax Law From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax changes in Trump's "big beautiful bill."
By Kelley R. Taylor
Tax Law -
3 Major Changes to the 2026 Charitable Deduction
Tax Breaks About 144 million Americans might qualify for the 2026 universal charity deduction, while high earners face new IRS limits. Here's what to know.
By Kate Schubel
Tax Breaks -
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
Tax Deductions
