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 ...

This tax season, my household is claiming the mortgage tax deduction. So we're doing that dreaded thing everyone whispers about: itemization. Like most taxpayers, our household usually takes the ...

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

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.

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

Tax deductions for homeowners Mortgage interest Discount points Property taxes Interest on home equity loan or HELOC Home improvements Home office expenses Tax deductions for homeowners FAQs You ...

While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, ...

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 ...

We asked her about the most common personal deductions you could be missing out. On if you don't itemize out of pocket ...

For those filing taxes in 2025, deductions like mortgage interest and home office expenses have become more relevant with the rise of remote work. Some tax benefits have been long established ...