The Latest Breaking News from Tax Deduction

Tax season can feel overwhelming, but it’s also a golden opportunity to keep more of your hard-earned money. Every year, millions of Americans miss out on valuable tax deductions simply because they don’t know they exist or assume they don’t qualify. These overlooked tax deductions can add up to hundreds…

Under Trump’s ‘big bill,’ the Senate Finance Committee has proposed a larger bonus tax deduction for older adults than the House. Will it pass?

Some lawmakers and President Trump want to offer overtime tax relief. But will a tax deduction or an exemption help you most?

A new bipartisan bill and a tax plan from the House GOP could mean bigger retirement tax savings to offset taxes on Social Security and high prices.

In our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers readers' questions on tax deductions and losses.

The PM addressed a crowd of 500 people in Perth, spruiking new policies on housing and tax deductions, celebrating WA and invoking Donald Trump. Here’s what you may have missed

Small-business owners and freelancers who work at home can still itemize tax deductions for expenses like rent, mortgage interest, utilities, and more for their home office.

With these tax savings at your fingertips, rent may be more affordable

Some lawmakers say it’s past time to increase the $10,000 cap on state and local tax deductions, and President Trump seems to agree.