Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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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 -
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 -
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
