Tax Deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
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Teachers Can Deduct COVID-Prevention Supplies on Their Tax Return
Tax Breaks Eligible educators can write off expenses for COVID-19 protective items that help stop the spread of the virus in the classroom.
By Rocky Mengle Published
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13 Tax Breaks for the Middle Class
Tax Breaks Middle-class Americans are still feeling a financial squeeze. Fortunately, there are several tax breaks to help those who are struggling financially.
By Sandra Block Published
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There's Still Time to Contribute to Your IRA and Cut Your Taxes
Tax Breaks Although you need to act quickly, you still have time to make a 2021 IRA contribution and lower your tax bill.
By Sandra Block Published
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Biden's Plan to Tax the Rich Faces Roadblocks
Politics The president-elect is unlikely to get much on his wish list, with the Democratic majority in the House narrowed and the GOP likely keeping control of the Senate.
By Joy Taylor Published
Politics -
Tax Tip: How to Deduct Property Damage Caused by Hurricane Zeta
Tax Breaks Get the maximum tax deduction for property losses resulting from Hurricane Zeta or other natural disasters.
By Joy Taylor Published
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Hurricane Delta Victims Get More Time to Pay Taxes
Tax Breaks The tax relief is currently available to Hurricane Delta victims in Acadia, Calcasieu, Cameron, Jefferson Davis, and Vermilion parishes in Louisiana.
By Rocky Mengle Published
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Retirees' Guide to Giving for the Greatest Impact
Making Your Money Last The need for charity is climbing, particularly to combat the rising poverty, hunger and homelessness from the pandemic’s economic fallout. Here's how you can help.
By Katherine Reynolds Lewis Published
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IRS Extends Tax Due Dates for Hurricane Laura Victims
Tax Breaks Victims of Hurricane Laura have until the end of the year to file tax returns and make tax payments.
By Rocky Mengle Published
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Tax Relief for Hurricane, Wildfire, Flood and Other Natural Disaster Victims
Tax Breaks Deductions for lost or damaged property, filing and payment extensions, and fee waivers can help taxpayers hit by a hurricane, wildfire, tornado, earthquake, flood or other natural disaster.
By Rocky Mengle Published
Tax Breaks