IRS annual filing season program participant, and tax writer. seksan Mongkhonkhamsao / Getty Images Deducting home equity loan interest can save you money on your tax bill, but you have to ...

Your mortgage lender will send you a copy of Form 1098 so you can prepare to file ... Interest The IRS has rules that dictate how you can deduct mortgage interest on your taxes. Your home must ...

Since we withdrew money from our 401 (k), we expect to owe the IRS money this year. However, by itemizing and deducting the interest paid on our mortgage debt, along with several additional tax breaks ...

Text Callout : Key Takeaways - 1098 Tax Form ... limited the interest deduction to the first $750,000 – or $375,000 for married taxpayers filing separately – of home mortgage debt incurred ...