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, ...

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 ...

Thinking about paying off your mortgage early? Learn the pros, cons, and smarter alternatives to help you decide what’s right ...

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

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.

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

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

Trump proposes tax deductions on auto loan interest for U.S.-made cars, but analysts question if savings will offset ...

Mortgage discount points are fees paid to lenders at closing for the purpose of reducing a loan's interest rate. The IRS allows deduction of discount points on a primary residence as long as the ...