Tax-deductions
News, insights and expert analysis on tax deductions from the team at Kiplinger.
Latest
-
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
Tax Breaks -
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
Tax Breaks -
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
Tax Breaks -
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
Making Your Money Last -
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
Tax Breaks -
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 -
Do You Qualify for a $300 Tax Deduction Under the CARES Act?
tax deductions What is the new above-the-line universal tax deduction, and how does it work?
By Chad Chubb, CFP® Published
tax deductions -
CARES Act Expands Tax Deductions for Charitable Giving
Tax Breaks Which tax break you can take under the economic stimulus bill depends on whether you itemize or claim the standard deduction on your 2020 tax return.
By Rocky Mengle Published
Tax Breaks