Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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3 Retirement Changes to Watch in 2026: Tax Edition
Retirement Taxes Between the Social Security "senior bonus" phaseout and changes to Roth tax rules, your 2026 retirement plan may need an update. Here's what to know.
By Kate Schubel
Retirement Taxes -
Ask the Tax Editor: Residential Rental Property Questions
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on reporting income and loss from residential rental property.
By Joy Taylor
Ask the Editor -
Standard Deduction 2025 and 2026: Amounts, Exceptions, and Who Should Itemize
Tax Breaks Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?
By Kelley R. Taylor
Tax Breaks -
Is Home Insurance Tax Deductible?
With home insurance rates on the rise, you might be hoping to at least claim the cost as a tax deduction. Here's what you need to know ahead of tax season.
By Rachael Green
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10 Retirement Tax Plan Moves to Make Before December 31
Retirement Taxes Proactively reviewing your health coverage, RMDs and IRAs can lower retirement taxes in 2025 and 2026. Here’s how.
By Kate Schubel
Retirement Taxes -
Law Reversal Looming? Trump Eyes 2026 Gambling Winnings Tax Change
Tax Deductions It's no secret that the IRS is coming after your gambling winnings in 2026. But how long will that last?
By Kate Schubel
Tax Deductions -
Ask the Editor: Itemized Deductions
Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on itemized deductions claimed on Schedule A of Form 1040
By Joy Taylor
Ask the Editor -
2025 Standard Deduction Changes Under New Trump Tax Bill
Tax Breaks What is the standard deduction for your filing status in 2025?
By Kate Schubel
Tax Breaks -
The 'Scrooge' Strategy: How to Turn Your Old Junk Into a Tax Deduction
Tax Deductions We break down the IRS rules for non-cash charitable contributions. Plus, here's a handy checklist before you donate to charity this year.
By Kate Schubel
Tax Deductions
