Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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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 Last updated
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SALT Deduction: Three Things to Know for 2025
Tax Deductions Changes to the state and local tax deduction and the looming TCJA expiration have brought this tax break into the spotlight.
By Kelley R. Taylor Last updated
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Tax Changes and Key IRS Amounts for 2025
There are lots of tax changes for the 2025 tax year. Some reflect prior-year inflation. Others are new rules. But one thing is certain... all taxpayers are affected.
By Joy Taylor Last updated
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Most-Overlooked Tax Breaks for Retirees and People Over 65
Tax Breaks If you're over 65, don't miss out on these overlooked tax breaks for retirees.
By Kevin McCormally Last updated
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How Tax Laws and IRS Can Help If You're a Victim of Helene, Milton or Other Federally Declared Disasters
Kiplinger Tax Letter Did you know that, in addition to the tax filing and payment extensions, individuals can deduct some losses attributable to federally declared disasters?
By Joy Taylor Last updated
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Are You a Renter? You Could Save on Taxes
Tax Breaks With these tax savings at your fingertips, rent may be more affordable
By Kate Schubel Last updated
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How Charitable Donations Can Reduce Your Taxes
Tax Breaks Is claiming a charitable donation tax deduction the right choice for you this tax season?
By Rocky Mengle Last updated
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Holiday Shopping Tax Tips for Business Owners
Tax Deductions Before hitting the sales, businesses should know these key deductions and look out for overspending.
By Kate Schubel Last updated
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9 Year-End Money Moves to Make Now
Boost your retirement savings, lower your taxes and get the most out of your health insurance.
By Sandra Block Published