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, ...

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 ...

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.

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 ...

Common tax breaks available to homeowners include a mortgage interest deduction and a property tax deduction. Homeowners must be able to prove they qualify for any tax credit or deduction.

Tax deductions for homeowners Mortgage interest Discount points Property ... you may be able to take the home office deduction, using IRS Form 8829, Expenses for Business Use of Your Home The ...