Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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Could Tax Savings Make a 50-Year Mortgage Worth It?Buying a Home The 50-year mortgage proposal by Trump aims to address the housing affordability crisis with lower monthly mortgage payments. But what does that mean for your taxes?
By Kate Schubel
Buying a Home -
Emergency Tax Bill Ends $6,000 Senior Deduction and Tip, Overtime Tax Breaks in D.C.Tax Law Here’s how state tax conformity rules could immediately raise your income tax liability.
By Kate Schubel
Tax Law -
3 Ways High-Income Earners Can Maximize Their Charitable Donations in 2025Tax Deductions New charitable giving tax rules will soon lower your deduction for donations to charity — here’s what you should do now.
By Kate Schubel
Tax Deductions -
Ask the Editor: 20% Qualified Business Income DeductionAsk the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on the 20% tax deduction for qualified business income or QBI.
By Joy Taylor
Ask the Editor -
Ask the Editor: Deducting Car Loan InterestAsk the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on the new tax deduction for paying interest on vehicle loans.
By Joy Taylor
Ask the Editor -
Ask the Editor: What medical expenses are deductible?Ask the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on the tax deduction for medical expenses, from Medicare premiums to teeth whitening.
By Joy Taylor
Ask the Editor -
Three Critical Tax Changes Could Boost Your Paycheck in 2026Tax Tips The IRS predicts these tax breaks may change take-home pay in 2026. Will you get over $1,000 in tax savings?
By Kate Schubel
Tax Tips -
Claiming the Standard Deduction? Here Are Five Tax Breaks for Retirement in 2025Tax Tips If you’re retired and filing taxes, these five tax credits and deductions could provide thousands in relief (if you qualify).
By Kate Schubel
Tax Tips -
Standard Deduction 2026 Amounts Are HereTax Breaks What is the standard deduction for your filing status in 2026?
By Kate Schubel
Tax Breaks
