Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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Ten Tax Breaks for Homeowners and Homebuyers in 2025
Homeownership These real estate tax breaks can help homeowners get some money back.
By Gabriella Cruz-Martínez
Homeownership -
Ask the Editor — Tax Questions on Standard Deductions
Ask the Editor In this week's Ask the Editor Q&A, we answer tax questions from readers on claiming standard deductions on your tax return.
By Joy Taylor
Ask the Editor -
Biggest Winners and Losers in Trump's New Tax Plan
Tax Law Trump’s mega tax overhaul, known as the ‘One Big Beautiful Bill,’ has distinct winners and losers. Which group do you fall into?
By Gabriella Cruz-Martínez
Tax Law -
Ask the Editor — Tax Questions on Four New Tax Deductions
Ask the Editor In this week's Ask the Editor Q&A, we answer tax questions from readers on four new tax deductions in the "One Big Beautiful Bill."
By Joy Taylor
Ask the Editor -
Taxes on Gambling Winnings and Losses: Nine Tips to Remember
Tax Tips Whether it’s online sports betting, a casino win, or a horse bet, don’t forget the gambling taxes.
By Rocky Mengle
Tax Tips -
New Cap on Gambling Loss Deductions Begins Soon: What to Know Now
Tax Changes A gambling losses tax deduction cap in Trump’s “big beautiful bill” is causing an uproar. Here’s what you need to know.
By Kelley R. Taylor
Tax Changes -
Ask the Editor — Tax Questions on the New Senior Deduction
Ask the Editor In this week's Ask the Editor Q&A, we answer tax questions from readers on the new $6,000 deduction for taxpayers 65 and older.
By Joy Taylor
Ask the Editor -
Five Summer Activities That Can Change Your Taxes for 2025
Tax Planning Certain summertime activities might help lower your taxable income.
By Kelley R. Taylor
Tax Planning -
Ask the Editor — Tax Questions on "The One Big Beautiful Bill Act"
Ask the Editor In this week's Ask the Editor Q&A, we answer tax questions from readers on the new tax law.
By Joy Taylor
Ask the Editor
