Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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The Extra Standard Deduction for People Age 65 and Older: How Much Can You Save?
Tax Deductions The extra standard deduction can help older adults reduce their taxable income.
By Kelley R. Taylor
Tax Deductions -
Over 65? Here's What the New $6K Senior Tax Deduction Means for Medicare IRMAA
Tax Breaks A new tax deduction for people over age 65 has some thinking about Medicare premiums and MAGI strategy.
By Kelley R. Taylor
Tax Breaks -
3 Popular Tax Breaks Are Gone for Good in 2026
Tax Breaks Here's a list of federal tax deductions and credits that you can't claim in the 2026 tax year. High-income earners could also get hit by a "surprise" tax bill.
By Kate Schubel
Tax Breaks -
Ask the Editor: Questions on Tax Breaks for Caregivers
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on tax breaks for caregivers
By Joy Taylor
Ask the Editor -
U.S. Congress to End Emergency Tax Bill Over $6,000 Senior Deduction and Tip, Overtime Tax Breaks in D.C.
Tax Law Here's how taxpayers can amend their already-filed income tax returns amid a potentially looming legal battle on Capitol Hill.
By Kate Schubel
Tax Law -
Home Office Tax Deduction: Work From Home Write-Offs to Know
Tax Breaks Can you claim the home office tax deduction this year?
By Rocky Mengle
Tax Breaks -
7 Overlooked Tax Deductions for the Self-Employed
Tax Breaks If you've recently gone into business for yourself, don't miss these sometimes overlooked credits and tax deductions for the self-employed.
By Kevin McCormally
Tax Breaks -
New Gambling Tax Rule Impacts Super Bowl 2026 Bets
Taxable Income When Super Bowl LX hype fades, some fans may be surprised to learn that sports betting tax rules have shifted.
By Kelley R. Taylor
Taxable Income -
Ask the Tax Editor: Federal Income Tax Deductions
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on federal income tax deductions
By Joy Taylor
Ask the Editor
