Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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Harris or Trump: Whose Tax Plans Are More Popular with Voters?
Election 2024 A new poll is shedding light on what voters think about election tax policy.
By Kelley R. Taylor
Election 2024 -
IRA and 401(k) Contribution Limit Changes for 2025: What to Know
Retirement Savings IRS inflation adjustments typically mean higher contribution limits for the new year.
By Kate Schubel
Retirement Savings -
IRS Expands Tax Breaks for Breast Cancer Screenings, Contraceptives
Healthcare Now you can get a tax deduction or reimbursement for certain medical expenses, like over-the-counter birth control and condoms.
By Gabriella Cruz-Martínez
Healthcare -
The Truth About Hurricane Relief, FEMA, and Your Taxes
Hurricane Relief Don't believe rumors. Get accurate information to navigate hurricane disaster relief.
By Kelley R. Taylor
Hurricane Relief -
Is the IRS Coming for Your Gambling Winnings?
Tax Tips The latest tax audit on unreported income points to high-income, high-wealth gamblers. Could
By Kate Schubel
Tax Tips -
What Would Kamala Harris's Tax Plans Mean For You?
The Tax Letter Under Harris's tax proposals, upper-income individuals would pay more taxes, while the middle class and lower-income people would pay less.
By Joy Taylor
The Tax Letter -
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.
By Joy Taylor
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
By Joy Taylor
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.
By Sandra Block
