Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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Understand These Hobby Loss Rules to Reduce IRS Audit Risks
The Tax Letter The IRS will scrutinize tax returns reporting large losses from any activity that sounds like a hobby. Here is what you need to know.
The Tax Letter -
Landlord With Rental Income? Do You Qualify for a Tax Break
The Tax Letter Many landlords are eligible to take the 20% tax deduction for qualified business income
The Tax Letter -
Tax-Smart Strategies for Account Withdrawals
Understanding the best way to tap your IRAs and other accounts can help you preserve your savings and lower your tax bill.
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The Tax Day HSA Contributions Deadline
Health Savings The HSA contributions deadline for 2023 has passed, but you still have time to contribute and potentially reduce your tax liability if you have an extended tax deadline.
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The $2,500 Tax Break for Paying Your Student Loan
Tax Deductions Do you qualify for the student loan interest deduction this year?
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Non-Eligible HSA Expenses: When a Doctor’s Note Isn’t Enough
Health Savings It's easy to get confused about whether diet products, gym memberships, and fitness trackers are HSA-eligible items.
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Last-Minute Tax Savings Guide for 2023
Tax Savings April 15 is weeks away, so it's not too late to save your 2023 taxes.
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What to Know About Medical Expenses and Your Tax Deductions: The Tax Letter
The Tax Letter What you need to know about deducting medical costs on your tax return.
The Tax Letter -
Mortgage Interest Tax Deduction: What You Need to Know
Tax Deductions Should you claim the mortgage interest deduction when you file your federal tax return?
Tax Deductions
