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

The sooner you finish your taxes, the sooner you'll receive your tax refund, if you have one coming. But even if you do tend to wait until the last moment or plan on filing an October 15 ...

A spike in inflation and 11 Federal Reserve interest-rate hikes later, the calculus around a mortgage paydown has changed meaningfully. People with newer mortgages with higher interest rates may ...

In order to take advantage of the mortgage interest tax break, we have to itemize and file Schedule A of Form 1040 to prove we have tax deductions ... Your lender should provide a Form 1098, which ...

Ensuring that your cash savings are earning the highest possible rate of interest is one of the simplest steps you can take to optimise your finances. In March 2025, the best available interest ...

Current and prior year tax forms (such as the tax year 2021 Forms 1040 and 1040-SR) and instructions are available on the IRS.gov Forms and Instructions page or by calling toll-free 800-TAX ...

The Trump administration may be intentionally creating uncertainty in the stock markets to corner Federal Reserve chair Jerome Powell into lowering interest rates, according to a market commentator.

To make this more concrete: higher interest rates mean a higher cost of borrowing for consumers and businesses. For example, the 30-year mortgage rate stood at 6.6% as of March 2025 (and averaged ...

Claire Dickey is a Newsweek senior editor based in Florida. Her focus is reporting on personal finance news, with extensive coverage related to credit cards and banking. Claire joined Newsweek in ...

If you can't file by the April 15 deadline, you can request a six-month extension before Tax Day to avoid any penalties and interest ... the IRS will accept Forms 1040, 1040-NR and 1040-SS ...

The move will mean lower monthly payments for homeowners who have moved from a fixed rate and chosen not to take another mortgage product with the bank. The rate has been reduced by 0.25 ...