Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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Deduct Expenses for Long-Term Care on Your Tax ReturnLong-Term Care The IRS allows some limited tax breaks on medical expenses and insurance premiums related to long-term care.
By Gabriella Cruz-Martínez
Long-Term Care -
Ask the Editor — Tax Questions on the SALT DeductionAsk the Editor In this week's Ask the Editor Q&A, we answer questions from readers on the OBBB's changes to the SALT deduction.
By Joy Taylor
Ask the Editor -
Over Age 65? New $6,000 'Senior Bonus' Deduction Is Available Even If You ItemizeTax Changes If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.
By Kelley R. Taylor
Tax Changes -
Another State Rebels Against Trump’s New 2025 Tax Law: What Now?State Taxes Even if states adopt tax policies in the so-called ‘big beautiful bill,’ lawmakers may have workarounds at their fingertips.
By Kate Schubel
State Taxes -
How Your 2025 Wedding Could Save You Money on TaxesTax Breaks There are some wedding expenses that are tax-deductible, and you don’t want to miss out on savings.
By Gabriella Cruz-Martínez
Tax Breaks -
Ask the Editor — Tax Questions on Standard DeductionsAsk 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 PlanTax 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 DeductionsAsk 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 RememberTax 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
