As we head into the 2025 and 2026 tax seasons, the IRS has implemented several inflation-adjusted changes that could mean more money in your pocket. However, every year, millions of Americans leave thousands of dollars on the table simply because they don't know which deductions they qualify for.
At USACalcTools.pro, we want to ensure you keep every dollar you’ve earned. Here are the most commonly missed tax deductions for the upcoming years.
1. State and Local Sales Tax (SALT)
While most people know they can deduct state income tax, many residents in states without income tax (like Florida, Texas, or Washington) forget they can choose to deduct state and local sales tax instead. If you made a major purchase in 2025, like a car or a boat, this deduction could be significantly higher than your income tax deduction.
2. The "Hidden" Student Loan Interest Deduction
Even if you don't itemize your deductions, you can typically deduct up to $2,500 in student loan interest as an "above-the-line" deduction. Crucially, even if your parents paid the loan, if you are legally obligated to pay it and are not a dependent, the IRS allows you to take the deduction.
3. Out-of-Pocket Charitable Expenses
You probably remember to track your cash donations, but do you track your out-of-pocket expenses for charity? If you drove your car for volunteer work in 2025, you can deduct 14 cents per mile. Similarly, the cost of ingredients for a soup kitchen or stamps for a non-profit fundraiser is fully deductible.
4. Energy-Efficient Home Improvements
Under the ongoing provisions of the Inflation Reduction Act, the Energy Efficient Home Improvement Credit is a major win for 2025-2026. You can claim up to 30% of the cost (up to $1,200 annually) for improvements like high-efficiency windows, doors, and insulation.
5. Jury Duty Pay Surrendered to Employers
Many employers continue to pay an employee’s full salary while they serve on a jury, but they often require the employee to hand over their jury duty pay. The IRS considers this pay taxable income, but you can deduct the amount you gave to your employer so you aren't taxed on money you didn't keep.
Conclusion
Tax laws are constantly evolving. Staying ahead of the 2026 changes requires the right tools. Use our Finance and Tax Calculators to stay organized and ensure your filings are as efficient as possible.
