Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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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 -
The TCJA: Key Facts on the 2017 'Trump Tax Cuts' and What's Extended for 2025
Tax Law How many of the extended TCJA provisions in the so-called 'One Big Beautiful Bill' (OBBB) will impact your wallet?
By Kate Schubel
Tax Law -
Ask the Editor — Tax Questions on Disaster Losses and more
Ask the Editor In this week's Ask the Editor Q&A, we answer tax questions from readers on paper checks, hurricane losses, IRAs and timeshares.
By Joy Taylor
Ask the Editor -
2025 SALT Cap Could Hurt Top 'Hidden Home Cost'
Tax Deductions The GOP tax bill could make hidden homeowner costs worse for you. Here’s how.
By Kate Schubel
Tax Deductions
