The interest you pay on your mortgage could help you lower your taxes. With the mortgage interest deduction (MID), you can write off a portion of the interest on your home loan, lowering your ...

Like most taxpayers, our household usually takes the standard deduction, which is a specific dollar amount that reduces our taxable income without requiring us to submit extra paperwork. But in 2024, ...

President Donald Trump announced Friday a new policy instituting auto loan interest deductions for American-made cars. “If ...

New research led by the Johns Hopkins Carey Business School suggests one possible way to help ease the housing affordability ...

There are some tax advantages that come with homeownership. Here's what to know and when you might want to consult a pro.

Kaz Weida is an educator and freelance journalist who covers insurance, taxes, banking, and a wide array of personal finance topics. In addition to CNET, Kaz contributes to Yahoo Finance ...

Donald Trump announced tariffs on auto imports but also raised the possibility of a new deduction for interest on car loans.

Owning a home comes with lots of expenses, including mortgage payments, maintenance, homeowners insurance and property taxes. Fortunately, some of these costs are tax deductible. You'll need to ...

The IRS offers various tax breaks for homeowners that can help lessen the financial burden associated with homeownership. Common tax breaks available to homeowners include a mortgage interest ...

President Donald Trump and House Speaker Mike Johnson are working on creating a new tax deduction for interest paid on auto ...

This tax season, my household is claiming the mortgage tax deduction. Last year, we paid a lot in mortgage interest -- more than we ever have as homeowners. However, the hefty amount we paid can ...