Roughly 12% of adults in the U.S. take a GLP-1 drug like Ozempic, Mounjaro, Zepbound, or Wegovy, according to the 2025 KFF Health Tracking poll. But these blockbuster drugs can cost more than $1,000 per month for patients who pay out of pocket. Even with insurance, the monthly costs can exceed several hundred dollars. You may be able to deduct GLP-1s as a medical expense from your taxes, depending on why the drugs were prescribed. But doing so may not actually reduce your tax bill. Here’s why. Read more: ...

If you donate regularly to charity, you may want to take advantage of the charitable contribution deduction, an incentive that could significantly lower your taxable income. This article explains what the charitable contribution deduction is, how it works, and what to consider as you prepare to file for the 2025 tax year. What are charitable donations? A charitable donation is a voluntary gift to a tax-exempt organization, for which you didn’t receive a benefit in return. The gift can be money or prop ...