Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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Will Hyundai or Kia EVs Qualify for the Electric Vehicle Tax Credit?
The electric vehicle tax credit has spurred concern that Kia and Hyundai EVs won’t qualify—without some flexibility.
By Kelley R. Taylor Published
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Student Loans and Taxes: Some Basics to Know
taxes Payments for student loans are on pause and student loan cancellation is being decided by the Supreme Court—but there are other things to know about student loans and taxes.
By Kelley R. Taylor Published
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Abortion and Taxes: What Happens Now Without Roe v. Wade?
Women & Money See how abortion-related medical expense deductions, HSA and FSA payments, employer-provided travel, and charitable contributions will be handled now that Roe v. Wade has been overturned.
By Rocky Mengle Published
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IRS Increases Mileage Rates Because of High Gas Prices
Tax Breaks The higher mileage rates, which are used to calculate certain tax deductions for business and other uses of a car, took effect on July 1.
By Rocky Mengle Published
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No Tax for Donating Leave to Ukraine Victims
Tax Breaks Vacation, sick, or personal leave donated to help victims of the Russian invasion of Ukraine won't be treated as taxable income.
By Rocky Mengle Published
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New Mexico Wildfire and Wind Victims Get More Time to Pay Taxes
Tax Breaks Certain tax filing and payment deadlines are extended for residents and businesses impacted by the recent wildfires and straight-line winds in New Mexico.
By Rocky Mengle Published
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Tax Deadlines Extended for Puerto Rico Storm Victims
Tax Breaks Certain tax filing and payment deadlines are extended for people impacted by the Puerto Rico storms, flooding and landslides in February.
By Rocky Mengle Published
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How to Cut Your 2021 Tax Bill
Tax Breaks Our guidance could help you claim a higher refund or reduce the amount you owe.
By Sandra Block Published
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2021 Tax Returns: What's New on the 1040 Form This Year
tax filing If you're a last-minute filer, familiarize yourself with potential changes for your 2021 tax return before tackling your 1040.
By Rocky Mengle Published
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