Each spring, millions of taxpayers face a deceptively simple question — take the standard deduction or itemize? For those not versed in the lingo of taxes, the distinction can be confusing. But ...

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...

For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

Discover what medical expenses are deductible, including examples like insurance premiums and prescriptions, and learn how ...

As teachers spend more of their own money on classroom supplies, the One Big Beautiful Bill Act is removing the limits on itemized tax deductions for K-12 educators. Processing Content But that new ...

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at nine questions on the tax deduction ...